Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Thai Baht/Hong Kong Dollar (FOREX:THBHKD)
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 THBHKD
The long term trend has been DOWN since May 8th, 2018 at 0.244905
The intermediate term trend has been UP since Aug 20th, 2018 at 0.237120
The short term trend has been UP since Sep 11th, 2018 at 0.239595
Smart Scan Analysis for THBHKD
Based on a pre-defined weighted trend formula for chart analysis, THBHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).