Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
South Korean Won/Thai Baht (FOREX:KRWTHB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Aug 13th, 2018 at 2.93310
The intermediate term trend has been DOWN since Aug 13th, 2018 at 2.94075
The short term trend has been UP since Sep 21st, 2018 at 2.90460
Smart Scan Analysis for KRWTHB
Based on a pre-defined weighted trend formula for chart analysis, KRWTHB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).