Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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.
MarketClub’s Trade Triangles for SGDTHB
The long-term trend has been UP since Jan 7th, 2020 at 22.432257
The intermediate-term trend has been DOWN since May 12th, 2020 at 22.614173
The short-term trend has been UP since May 26th, 2020 at 22.506435
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).