Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
British Pound/Thai Baht (FOREX:GBPTHB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 GBPTHB
The long term trend has been DOWN since May 1st, 2018 at 43.260438
The intermediate term trend has been UP since Oct 5th, 2018 at 43.031530
The short term trend has been DOWN since Oct 12th, 2018 at 43.052500
Smart Scan Analysis for GBPTHB
Based on a pre-defined weighted trend formula for chart analysis, GBPTHB scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).