Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Thai Baht/Chinese Renminbi Yuan (FOREX:THBCNY)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 THBCNY
The long term trend has been UP since Jul 18th, 2018 at 0.202260
The intermediate term trend has been UP since Jul 2nd, 2018 at 0.200690
The short term trend has been UP since Oct 9th, 2018 at 0.210745
Smart Scan Analysis for THBCNY
Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).