Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
Japanese Yen/Thai Baht (FOREX:JPYTHB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 May 9th, 2017 at 0.305105
The intermediate term trend has been DOWN since Sep 13th, 2017 at 0.300140
The short term trend has been UP since Nov 15th, 2017 at 0.292155
Smart Scan Analysis for JPYTHB
Based on a pre-defined weighted trend formula for chart analysis, JPYTHB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).