Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
South Korean Won/Thai Baht (FOREX:KRWTHB)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 KRWTHB
The long term trend has been UP since Nov 1st, 2017 at 2.98385
The intermediate term trend has been UP since Oct 10th, 2017 at 2.93590
The short term trend has been UP since Nov 21st, 2017 at 3.00360
Smart Scan Analysis for KRWTHB
Based on a pre-defined weighted trend formula for chart analysis, KRWTHB scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).