Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for SGDCNH
The long term trend has been UP since May 9th, 2019 at 5.00210
The intermediate term trend has been DOWN since Sep 6th, 2019 at 5.15740
The short term trend has been DOWN since Sep 4th, 2019 at 5.16235
Smart Scan Analysis for SGDCNH
Based on a pre-defined weighted trend formula for chart analysis, SGDCNH scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).