Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Swiss Franc/Thai Baht (FOREX:CHFTHB)
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 CHFTHB
The long term trend has been DOWN since Oct 1st, 2018 at 32.8970
The intermediate term trend has been DOWN since Sep 27th, 2018 at 33.4320
The short term trend has been DOWN since Oct 11th, 2018 at 33.0735
Smart Scan Analysis for CHFTHB
Based on a pre-defined weighted trend formula for chart analysis, CHFTHB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).