Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
Indian Rupee/Thai Baht (FOREX:INRTHB)
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 INRTHB
The long term trend has been DOWN since Jul 3rd, 2017 at 0.52440
The intermediate term trend has been DOWN since Nov 8th, 2017 at 0.50849
The short term trend has been DOWN since Dec 4th, 2017 at 0.50501
Smart Scan Analysis for INRTHB
Based on a pre-defined weighted trend formula for chart analysis, INRTHB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).