Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Thai Baht/British Pound (FOREX:THBGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Nov 2nd, 2017 at 0.023025
The short term trend has been DOWN since Nov 19th, 2017 at 0.022950
Smart Scan Analysis for THBGBP
Based on a pre-defined weighted trend formula for chart analysis, THBGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).