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.
MarketClub’s Trade Triangles for SGDHKD
The long term trend has been UP since Nov 1st, 2019 at 5.7704075
The intermediate term trend has been UP since Dec 30th, 2019 at 5.7762044
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).