Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Singapore Dollar/South African Rand (FOREX:SGDZAR)
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 SGDZAR
The long term trend has been DOWN since Dec 18th, 2019 at 10.561000
The intermediate term trend has been UP since Jan 13th, 2020 at 10.685547
The short term trend has been UP since Jan 13th, 2020 at 10.661702
Smart Scan Analysis for SGDZAR
Based on a pre-defined weighted trend formula for chart analysis, SGDZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).