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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Singapore Dollar/Thai Baht (FOREX:SGDTHB)

Crossroads (-60) - SGDTHB is struggling to move into a solid trend. Beware of choppy markets 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
25.696944 25.696944 25.634027 25.683825 -0.013119
Entry Signal

MarketClub’s Trade Triangles for SGDTHB

long term up The long-term trend has been UP since Apr 14th, 2022 at 24.858941

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2022 at 25.811810

short term down The short-term trend has been DOWN since Jul 28th, 2022 at 26.382458

Smart Scan Analysis for SGDTHB

Based on our trend formula, SGDTHB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SGDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.696944 25.696944 25.634027 25.683825 -0.013119
Prev. Close Volume Bid Ask Time
25.696944 2022-08-16 06:18:05
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