Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Singapore Dollar/Turkish Lira (FOREX:SGDTRY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SGDTRY
The long term trend has been DOWN since Aug 4th, 2019 at 4.02705
The intermediate term trend has been UP since Aug 20th, 2019 at 4.14590
The short term trend has been UP since Sep 20th, 2019 at 4.17190
Smart Scan Analysis for SGDTRY
Based on a pre-defined weighted trend formula for chart analysis, SGDTRY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).