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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

Singapore Dollar/Hong Kong Dollar (FOREX:SGDHKD)

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.

FOREX_SGDHKD
Open High Low SGDHKD Price Change
5.7715000 5.7753357 5.7624557 5.7654074 -0.0060930
Entry Signal

MarketClub’s Trade Triangles for SGDHKD

long term up The long term trend has been UP since Nov 1st, 2019 at 5.7704075

intermediate term up The intermediate term trend has been UP since Dec 30th, 2019 at 5.7762044

short term down The short term trend has been DOWN since Jan 17th, 2020 at 5.7653285

Smart Scan Analysis for SGDHKD

Based on a pre-defined weighted trend formula for chart analysis, SGDHKD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for SGDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7715000 5.7753357 5.7624557 5.7654074 -0.0060930
Prev. Close Volume Bid Ask Time
5.7715000 5.7644103 5.7664045 2020-01-17 17:14:40
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