Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
Singapore Dollar/Pakistani Rupee (FOREX:SGDPKR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SGDPKR
The long term trend has been UP since Jan 31st, 2019 at 103.600
The intermediate term trend has been UP since Mar 18th, 2019 at 103.625
The short term trend has been DOWN since Apr 16th, 2019 at 104.455
Smart Scan Analysis for SGDPKR
Based on a pre-defined weighted trend formula for chart analysis, SGDPKR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).