Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Thai Baht/Chinese Renminbi Yuan (FOREX:THBCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 THBCNY
The long term trend has been UP since Jul 18th, 2018 at 0.202260
The intermediate term trend has been DOWN since Dec 4th, 2018 at 0.209545
The short term trend has been UP since Dec 10th, 2018 at 0.209985
Smart Scan Analysis for THBCNY
Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).