Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Thai Baht/Singapore Dollar (FOREX:THBSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 THBSGD
The long term trend has been UP since Sep 3rd, 2018 at 0.041954
The intermediate term trend has been UP since Dec 14th, 2018 at 0.041979
The short term trend has been DOWN since Feb 21st, 2019 at 0.043380
Smart Scan Analysis for THBSGD
Based on a pre-defined weighted trend formula for chart analysis, THBSGD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).