Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Singapore Dollar/New Zealand Dollar (FOREX:SGDNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SGDNZD
The long term trend has been DOWN since Nov 6th, 2018 at 1.078840
The intermediate term trend has been DOWN since Jan 25th, 2019 at 1.079745
The short term trend has been UP since Mar 19th, 2019 at 1.081700
Smart Scan Analysis for SGDNZD
Based on a pre-defined weighted trend formula for chart analysis, SGDNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).