Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Thai Baht/Indian Rupee (FOREX:THBINR)
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 THBINR
The long term trend has been UP since Aug 24th, 2018 at 2.14030
The intermediate term trend has been UP since Aug 7th, 2018 at 2.07385
The short term trend has been UP since Oct 10th, 2018 at 2.26250
Smart Scan Analysis for THBINR
Based on a pre-defined weighted trend formula for chart analysis, THBINR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).