Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
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 SGDUSD
The long term trend has been UP since Dec 31st, 2018 at 0.73438
The intermediate term trend has been DOWN since Apr 11th, 2019 at 0.73660
The short term trend has been DOWN since Apr 18th, 2019 at 0.73779
Smart Scan Analysis for SGDUSD
Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).