Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
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 CADTHB
The long term trend has been UP since Jul 1st, 2018 at 25.1735
The intermediate term trend has been UP since Sep 30th, 2018 at 25.2040
The short term trend has been UP since Oct 22nd, 2018 at 25.0270
Smart Scan Analysis for CADTHB
Based on a pre-defined weighted trend formula for chart analysis, CADTHB scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).