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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

Singapore Dollar/Canadian Dollar (FOREX:SGDCAD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

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.

FOREX_SGDCAD
Open High Low SGDCAD Price Change
0.9696524 0.9696524 0.9696524 0.9696524 0.0000000
Entry Signal

MarketClub’s Trade Triangles for SGDCAD

long term up The long term trend has been UP since Nov 1st, 2019 at 0.9683607

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2019 at 0.9698150

short term up The short term trend has been UP since Jan 7th, 2020 at 0.9637300

Smart Scan Analysis for SGDCAD

Based on a pre-defined weighted trend formula for chart analysis, SGDCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for SGDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9696524 0.9696524 0.9696524 0.9696524 0.0000000
Prev. Close Volume Bid Ask Time
0.9696524 0.9694516 0.9698531 2020-01-18 01:15:35
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