Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Singapore Dollar/Thai Baht (FOREX:SGDTHB)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for SGDTHB
The long term trend has been DOWN since Oct 27th, 2017 at 24.3035
The intermediate term trend has been DOWN since Oct 4th, 2017 at 24.4760
The short term trend has been DOWN since Dec 6th, 2017 at 24.1695
Smart Scan Analysis for SGDTHB
Based on a pre-defined weighted trend formula for chart analysis, SGDTHB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).