Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 CADTHB
The long term trend has been DOWN since Nov 20th, 2018 at 24.7930
The intermediate term trend has been DOWN since Nov 13th, 2018 at 24.8620
The short term trend has been DOWN since Dec 4th, 2018 at 24.6695
Smart Scan Analysis for CADTHB
Based on a pre-defined weighted trend formula for chart analysis, CADTHB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).