Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 THBJPY
The long term trend has been UP since May 9th, 2017 at 3.2776
The intermediate term trend has been UP since Apr 23rd, 2017 at 3.2503
The short term trend has been UP since May 22nd, 2017 at 3.2516
Smart Scan Analysis for THBJPY
Based on a pre-defined weighted trend formula for chart analysis, THBJPY scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).