Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Thai Baht/Chinese Renminbi Yuan (FOREX:THBCNY)
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 THBCNY
The long term trend has been DOWN since Aug 30th, 2017 at 0.198080
The intermediate term trend has been DOWN since Aug 21st, 2017 at 0.199845
The short term trend has been UP since Sep 11th, 2017 at 0.197045
Smart Scan Analysis for THBCNY
Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).