Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Oct 25th, 2017 at 26.0695
The intermediate term trend has been UP since Apr 4th, 2018 at 24.4455
The short term trend has been DOWN since May 22nd, 2018 at 24.9495
Smart Scan Analysis for CADTHB
Based on a pre-defined weighted trend formula for chart analysis, CADTHB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).