Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Singapore Dollar/Pakistani Rupee (FOREX:SGDPKR)
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 SGDPKR
The long term trend has been UP since Jan 31st, 2019 at 103.60000
The intermediate term trend has been DOWN since Nov 13th, 2019 at 114.25079
The short term trend has been DOWN since Nov 13th, 2019 at 114.35291
Smart Scan Analysis for SGDPKR
Based on a pre-defined weighted trend formula for chart analysis, SGDPKR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).