Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Chinese Renminbi Yuan/Thai Baht (FOREX:CNYTHB)
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 CNYTHB
The long term trend has been DOWN since Jun 21st, 2018 at 5.06595
The intermediate term trend has been DOWN since Dec 21st, 2018 at 4.72715
The short term trend has been DOWN since Jan 16th, 2019 at 4.69705
Smart Scan Analysis for CNYTHB
Based on a pre-defined weighted trend formula for chart analysis, CNYTHB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).