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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Thai Baht/Singapore Dollar (FOREX:THBSGD)
Long-Term Downtrend (-90) - THBSGD is in a strong downtrend that is likely to continue. While THBSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid THBSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBSGD.
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 THBSGD
The long-term trend has been DOWN since Feb 14th, 2024 at 0.03737605
The intermediate-term trend has been DOWN since Apr 24th, 2024 at 0.03664618
The short-term trend has been DOWN since May 8th, 2024 at 0.03664453
Smart Scan Analysis for THBSGD
Based on our trend formula, THBSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03670670 | 0.03676204 | 0.03669699 | 0.03674841 | +0.00004200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03670670 | 2024-05-09 01:51:33 |