Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
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 Aug 21st, 2018 at 0.467785
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.482390
The short term trend has been DOWN since Jul 31st, 2018 at 0.484615
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).