Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
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 UP since Nov 15th, 2018 at 22.5815
The intermediate term trend has been DOWN since Dec 13th, 2018 at 22.3143
The short term trend has been DOWN since Jan 16th, 2019 at 21.6910
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).