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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Singapore Dollar/US Dollar (FOREX:SGDUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_SGDUSD
Open High Low SGDUSD Price Change
0.72069 0.72254 0.72030 0.72228 +0.00159
Entry Signal

MarketClub’s Trade Triangles for SGDUSD

long term down The long term trend has been DOWN since May 5th, 2019 at 0.732200

intermediate term down The intermediate term trend has been DOWN since Jul 17th, 2019 at 0.733900

short term up The short term trend has been UP since Jul 31st, 2019 at 0.730755

Smart Scan Analysis for SGDUSD

Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SGDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.72069 0.72254 0.72030 0.72228 +0.00159
Prev. Close Volume Bid Ask Time
0.72069 0.72202 0.72254 2019-08-16 18:19:03
Want to analyze Singapore Dollar/US Dollar SGDUSD or another symbol? Try our Free Forex Trend Analysis Report.