Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Thai Baht/Euro (FOREX:THBEUR)
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 THBEUR
The long term trend has been UP since Oct 1st, 2018 at 0.026704
The intermediate term trend has been UP since Sep 27th, 2018 at 0.026474
The short term trend has been DOWN since Dec 18th, 2018 at 0.026842
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).