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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/Thai Baht (FOREX:SGDTHB)
Long-Term Uptrend (+90) - SGDTHB is in a strong uptrend that is likely to continue. While SGDTHB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SGDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDTHB
The long-term trend has been UP since Feb 14th, 2024 at 26.744410
The intermediate-term trend has been UP since Jan 8th, 2024 at 26.309273
The short-term trend has been UP since May 8th, 2024 at 27.284616
Smart Scan Analysis for SGDTHB
Based on our trend formula, SGDTHB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 27.247163 | 27.247163 | 27.202631 | 27.219252 | -0.027911 |
| Prev. Close | Volume | Bid | Ask | Time |
| 27.247163 | 2024-05-09 06:58:30 |