Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Singapore Dollar/Chinese Yuan Renminbi Offshore (FOREX:SGDCNH)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
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 UP since Aug 9th, 2019 at 5.06175
The short term trend has been UP since Aug 9th, 2019 at 5.06100
Smart Scan Analysis for SGDCNH
Based on a pre-defined weighted trend formula for chart analysis, SGDCNH scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).