Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Australian Dollar/Thai Baht (FOREX:AUDTHB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 AUDTHB
The long term trend has been DOWN since Aug 31st, 2018 at 23.7285
The intermediate term trend has been DOWN since Oct 1st, 2018 at 23.2670
The short term trend has been UP since Oct 8th, 2018 at 23.2630
Smart Scan Analysis for AUDTHB
Based on a pre-defined weighted trend formula for chart analysis, AUDTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).