Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Thai Baht/Euro (FOREX:THBEUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 THBEUR
The long term trend has been DOWN since May 4th, 2017 at 0.026360
The intermediate term trend has been UP since Sep 25th, 2017 at 0.025445
The short term trend has been DOWN since Oct 18th, 2017 at 0.025585
Smart Scan Analysis for THBEUR
Based on a pre-defined weighted trend formula for chart analysis, THBEUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).