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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.

FOREX_SGDTHB
Open High Low SGDTHB Price Change
24.800885 24.816972 24.758895 24.758895 -0.041990
Entry Signal

MarketClub’s Trade Triangles for SGDTHB

long term up The long-term trend has been UP since Feb 25th, 2021 at 22.871973

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2021 at 24.604868

short term up 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).

-55
Smart Scan Analysis for SGDTHB
Strong Downtrend Sideways 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
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