Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Australian Dollar/Thai Baht (FOREX:AUDTHB)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Dec 21st, 2018 at 23.0590
The intermediate term trend has been DOWN since Dec 6th, 2018 at 23.6805
The short term trend has been DOWN since Jan 16th, 2019 at 22.9000
Smart Scan Analysis for AUDTHB
Based on a pre-defined weighted trend formula for chart analysis, AUDTHB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).