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Forex Trend Analysis Report

Prepared for you on Thursday, February 22, 2018.

Singapore Dollar/Thai Baht (FOREX:SGDTHB)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_SGDTHB
Open High Low SGDTHB Price Change
23.8705 23.8910 23.8330 23.8675 -0.0030
Entry Signal

MarketClub’s Trade Triangles for SGDTHB

long term down The long term trend has been DOWN since Oct 27th, 2017 at 24.3035

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2018 at 24.0810

short term down The short term trend has been DOWN since Feb 21st, 2018 at 23.8420

Smart Scan Analysis for SGDTHB

Based on a pre-defined weighted trend formula for chart analysis, SGDTHB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SGDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.8705 23.8910 23.8330 23.8675 -0.0030
Prev. Close Volume Bid Ask Time
23.8705 23.8460 23.8890 2018-02-22 21:26:47
Want to analyze Singapore Dollar/Thai Baht SGDTHB or another symbol? Try our Free Forex Trend Analysis Report.