Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Singapore Dollar/Euro (FOREX:SGDEUR)
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 SGDEUR
The long term trend has been UP since Nov 9th, 2018 at 0.640575
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.644320
The short term trend has been DOWN since Feb 18th, 2019 at 0.651210
Smart Scan Analysis for SGDEUR
Based on a pre-defined weighted trend formula for chart analysis, SGDEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).