Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Singapore Dollar/US Dollar (FOREX:SGDUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Nov 1st, 2019 at 0.7362145
The intermediate term trend has been UP since Dec 9th, 2019 at 0.7357270
The short term trend has been UP since Dec 3rd, 2019 at 0.7328000
Smart Scan Analysis for SGDUSD
Based on a pre-defined weighted trend formula for chart analysis, SGDUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).