Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Euro/Thai Baht (FOREX:EURTHB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURTHB
The long term trend has been UP since Jul 3rd, 2018 at 38.7250
The intermediate term trend has been DOWN since Aug 1st, 2018 at 38.7045
The short term trend has been DOWN since Sep 18th, 2018 at 37.9520
Smart Scan Analysis for EURTHB
Based on a pre-defined weighted trend formula for chart analysis, EURTHB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).