Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CADTHB
The long term trend has been UP since Jul 1st, 2018 at 25.1735
The intermediate term trend has been DOWN since Aug 16th, 2018 at 25.2740
The short term trend has been DOWN since Aug 15th, 2018 at 25.3405
Smart Scan Analysis for CADTHB
Based on a pre-defined weighted trend formula for chart analysis, CADTHB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).