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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.

FOREX_SGDTHB
Open High Low SGDTHB Price Change
22.463889 22.465727 22.424740 22.432086 -0.031803
Entry Signal

MarketClub’s Trade Triangles for SGDTHB

long term up The long-term trend has been UP since Jan 7th, 2020 at 22.432257

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 22.614173

short term up 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).

-55
Smart Scan Analysis for SGDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.463889 22.465727 22.424740 22.432086 -0.031803
Prev. Close Volume Bid Ask Time
22.463889 22.409722 22.454450 2020-06-02 04:12:55
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