Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
New Zealand Dollar/Thai Baht (FOREX:NZDTHB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NZDTHB
The long term trend has been DOWN since Sep 3rd, 2017 at 23.683
The intermediate term trend has been DOWN since Jun 29th, 2018 at 22.333
The short term trend has been DOWN since Jul 11th, 2018 at 22.587
Smart Scan Analysis for NZDTHB
Based on a pre-defined weighted trend formula for chart analysis, NZDTHB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).