Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Thai Baht/Singapore Dollar (FOREX:THBSGD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 THBSGD
The long term trend has been UP since Sep 3rd, 2018 at 0.041954
The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.041996
The short term trend has been DOWN since Oct 22nd, 2018 at 0.042215
Smart Scan Analysis for THBSGD
Based on a pre-defined weighted trend formula for chart analysis, THBSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).