Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Thai Baht/Australian Dollar (FOREX:THBAUD)
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 THBAUD
The long term trend has been UP since Aug 31st, 2018 at 0.042135
The intermediate term trend has been DOWN since Oct 26th, 2018 at 0.042656
The short term trend has been DOWN since Nov 14th, 2018 at 0.041763
Smart Scan Analysis for THBAUD
Based on a pre-defined weighted trend formula for chart analysis, THBAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).