Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Singapore Dollar/Thai Baht (FOREX:SGDTHB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 SGDTHB
The long term trend has been UP since Jan 7th, 2020 at 22.432257
The intermediate term trend has been DOWN since Feb 13th, 2020 at 22.393291
The short term trend has been DOWN since Feb 3rd, 2020 at 22.737885
Smart Scan Analysis for SGDTHB
Based on a pre-defined weighted trend formula for chart analysis, SGDTHB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).