Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
Indian Rupee/Thai Baht (FOREX:INRTHB)
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 INRTHB
The long term trend has been UP since Mar 10th, 2017 at 0.531555
The intermediate term trend has been DOWN since May 18th, 2017 at 0.531235
The short term trend has been DOWN since May 15th, 2017 at 0.538405
Smart Scan Analysis for INRTHB
Based on a pre-defined weighted trend formula for chart analysis, INRTHB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).