Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Thai Baht/Australian Dollar (FOREX:THBAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 THBAUD
The long term trend has been UP since Aug 31st, 2018 at 0.042135
The intermediate term trend has been UP since Aug 2nd, 2018 at 0.040818
The short term trend has been DOWN since Sep 18th, 2018 at 0.042587
Smart Scan Analysis for THBAUD
Based on a pre-defined weighted trend formula for chart analysis, THBAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).