Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Thai Baht/British Pound (FOREX:THBGBP)
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 THBGBP
The long term trend has been DOWN since Sep 14th, 2017 at 0.022580
The intermediate term trend has been UP since Feb 11th, 2018 at 0.022845
The short term trend has been UP since Feb 21st, 2018 at 0.022810
Smart Scan Analysis for THBGBP
Based on a pre-defined weighted trend formula for chart analysis, THBGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).