Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Thai Baht/Singapore Dollar (FOREX:THBSGD)
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 THBSGD
The long term trend has been DOWN since May 18th, 2018 at 0.041690
The intermediate term trend has been DOWN since Jun 8th, 2018 at 0.041620
The short term trend has been DOWN since Jun 21st, 2018 at 0.041255
Smart Scan Analysis for THBSGD
Based on a pre-defined weighted trend formula for chart analysis, THBSGD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).