Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for SGDGBP
The long term trend has been UP since May 31st, 2019 at 0.576265
The intermediate term trend has been UP since May 16th, 2019 at 0.569885
The short term trend has been DOWN since Jun 21st, 2019 at 0.578955
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).