Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Singapore Dollar/Icelandic Krona (FOREX:SGDISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SGDISK
The long term trend has been UP since May 16th, 2018 at 77.2852
The intermediate term trend has been DOWN since Mar 13th, 2019 at 87.5795
The short term trend has been UP since Mar 21st, 2019 at 86.8525
Smart Scan Analysis for SGDISK
Based on a pre-defined weighted trend formula for chart analysis, SGDISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).