Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
US Dollar/Singapore Dollar (FOREX:USDSGD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Nov 1st, 2019 at 1.358325
The intermediate term trend has been UP since Jan 23rd, 2020 at 1.352620
The short term trend has been UP since Jan 20th, 2020 at 1.347900
Smart Scan Analysis for USDSGD
Based on a pre-defined weighted trend formula for chart analysis, USDSGD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).