Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SGDGBP
The long term trend has been DOWN since Mar 13th, 2019 at 0.555565
The intermediate term trend has been UP since May 16th, 2019 at 0.569885
The short term trend has been UP since May 14th, 2019 at 0.564825
Smart Scan Analysis for SGDGBP
Based on a pre-defined weighted trend formula for chart analysis, SGDGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).