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Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Singapore Dollar/Thai Baht (FOREX:SGDTHB)
Sidelines Mode (-55) - SGDTHB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDTHB
The long-term trend has been UP since Feb 25th, 2021 at 22.871973
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 24.604868
The short-term trend has been UP since Oct 15th, 2021 at 24.723122
Smart Scan Analysis for SGDTHB
Based on our trend formula, SGDTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.800885 | 24.816972 | 24.758895 | 24.758895 | -0.041990 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.800885 | 2021-10-22 05:52:19 |