Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SGDCAD
The long term trend has been UP since Nov 14th, 2018 at 0.961225
The intermediate term trend has been DOWN since May 13th, 2019 at 0.982330
The short term trend has been UP since May 23rd, 2019 at 0.977380
Smart Scan Analysis for SGDCAD
Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).