Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Japanese Yen/Thai Baht (FOREX:JPYTHB)
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 JPYTHB
The long term trend has been DOWN since Sep 19th, 2018 at 0.289300
The intermediate term trend has been DOWN since Aug 21st, 2018 at 0.295805
The short term trend has been DOWN since Sep 11th, 2018 at 0.294570
Smart Scan Analysis for JPYTHB
Based on a pre-defined weighted trend formula for chart analysis, JPYTHB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).