Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Thai Baht/Japanese Yen (FOREX:THBJPY)
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 THBJPY
The long term trend has been UP since May 9th, 2017 at 3.27760
The intermediate term trend has been UP since Dec 1st, 2017 at 3.45395
The short term trend has been DOWN since Dec 13th, 2017 at 3.47380
Smart Scan Analysis for THBJPY
Based on a pre-defined weighted trend formula for chart analysis, THBJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).