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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Singapore Dollar/Thai Baht (FOREX:SGDTHB)

Bull Market Weakness (+75) - SGDTHB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SGDTHB as it may be in the beginning stages of a reversal.

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
27.216744 27.264928 27.216744 27.256186 +0.039442
Entry Signal

MarketClub’s Trade Triangles for SGDTHB

long term up The long-term trend has been UP since Feb 14th, 2024 at 26.744410

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 27.012231

short term up The short-term trend has been UP since May 21st, 2024 at 26.938979

Smart Scan Analysis for SGDTHB

Based on our trend formula, SGDTHB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SGDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.216744 27.264928 27.216744 27.256186 +0.039442
Prev. Close Volume Bid Ask Time
27.216744 2024-05-29 10:33:20
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