Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
US Dollar/Singapore Dollar (FOREX:USDSGD)
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 USDSGD
The long term trend has been DOWN since Dec 31st, 2018 at 1.36177
The intermediate term trend has been UP since Apr 11th, 2019 at 1.35751
The short term trend has been UP since Apr 18th, 2019 at 1.35531
Smart Scan Analysis for USDSGD
Based on a pre-defined weighted trend formula for chart analysis, USDSGD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).