Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
New Zealand Dollar/Thai Baht (FOREX:NZDTHB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 23.6830
The intermediate term trend has been DOWN since Aug 2nd, 2018 at 22.4300
The short term trend has been UP since Sep 17th, 2018 at 21.4785
Smart Scan Analysis for NZDTHB
Based on a pre-defined weighted trend formula for chart analysis, NZDTHB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).