Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Thai Baht/British Pound (FOREX:THBGBP)
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 THBGBP
The long term trend has been UP since May 1st, 2018 at 0.023120
The intermediate term trend has been UP since Apr 27th, 2018 at 0.022945
The short term trend has been UP since May 21st, 2018 at 0.023110
Smart Scan Analysis for THBGBP
Based on a pre-defined weighted trend formula for chart analysis, THBGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).