Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Singapore Dollar/Chinese Yuan Renminbi (FOREX:SGDCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGDCNY
The long term trend has been UP since May 9th, 2019 at 5.00255
The intermediate term trend has been UP since Aug 5th, 2019 at 5.07445
The short term trend has been UP since Sep 16th, 2019 at 5.16255
Smart Scan Analysis for SGDCNY
Based on a pre-defined weighted trend formula for chart analysis, SGDCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).