Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
South Korean Won/Thai Baht (FOREX:KRWTHB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 KRWTHB
The long term trend has been UP since May 7th, 2018 at 2.95975
The intermediate term trend has been UP since Jul 9th, 2018 at 2.98200
The short term trend has been DOWN since Jul 10th, 2018 at 2.96485
Smart Scan Analysis for KRWTHB
Based on a pre-defined weighted trend formula for chart analysis, KRWTHB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).