Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Indian Rupee/Thai Baht (FOREX:INRTHB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 INRTHB
The long term trend has been DOWN since Aug 21st, 2018 at 0.467785
The intermediate term trend has been DOWN since Dec 10th, 2018 at 0.456375
The short term trend has been UP since Dec 7th, 2018 at 0.465245
Smart Scan Analysis for INRTHB
Based on a pre-defined weighted trend formula for chart analysis, INRTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).