Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Thai Baht/British Pound (FOREX:THBGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 THBGBP
The long term trend has been UP since May 1st, 2018 at 0.023120
The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.023237
The short term trend has been UP since Oct 12th, 2018 at 0.023225
Smart Scan Analysis for THBGBP
Based on a pre-defined weighted trend formula for chart analysis, THBGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).