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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Thai Baht/Australian Dollar (FOREX:THBAUD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_THBAUD
Open High Low THBAUD Price Change
0.041265 0.041360 0.041260 0.041330 +0.000065
Entry Signal

MarketClub’s Trade Triangles for THBAUD

long term up The long term trend has been UP since Oct 24th, 2017 at 0.038780

intermediate term down The intermediate term trend has been DOWN since May 17th, 2018 at 0.041435

short term down The short term trend has been DOWN since May 16th, 2018 at 0.041505

Smart Scan Analysis for THBAUD

Based on a pre-defined weighted trend formula for chart analysis, THBAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for THBAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.041265 0.041360 0.041260 0.041330 +0.000065
Prev. Close Volume Bid Ask Time
0.041265 0.041330 0.041330 2018-05-23 05:37:40
Want to analyze Thai Baht/Australian Dollar THBAUD or another symbol? Try our Free Forex Trend Analysis Report.