Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Singapore Dollar/Thai Baht (FOREX:SGDTHB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Aug 2nd, 2018 at 24.3095
The short term trend has been UP since Sep 21st, 2018 at 23.8005
Smart Scan Analysis for SGDTHB
Based on a pre-defined weighted trend formula for chart analysis, SGDTHB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).