Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Singapore Dollar/Thai Baht (FOREX:SGDTHB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SGDTHB
The long term trend has been DOWN since Sep 3rd, 2018 at 23.8355
The intermediate term trend has been DOWN since Dec 14th, 2018 at 23.8275
The short term trend has been UP since Dec 6th, 2018 at 24.0185
Smart Scan Analysis for SGDTHB
Based on a pre-defined weighted trend formula for chart analysis, SGDTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).