Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Singapore Dollar/Polish New Zloty (FOREX:SGDPLN)
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 SGDPLN
The long term trend has been UP since Aug 1st, 2019 at 2.823340
The intermediate term trend has been UP since Aug 15th, 2019 at 2.837575
The short term trend has been DOWN since Sep 13th, 2019 at 2.840420
Smart Scan Analysis for SGDPLN
Based on a pre-defined weighted trend formula for chart analysis, SGDPLN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).