Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Thai Baht/Singapore Dollar (FOREX:THBSGD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 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 UP since Dec 5th, 2018 at 0.041762
Smart Scan Analysis for THBSGD
Based on a pre-defined weighted trend formula for chart analysis, THBSGD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).