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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Thai Baht/Japanese Yen (FOREX:THBJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_THBJPY
Open High Low THBJPY Price Change
3.42780 3.42785 3.40475 3.41595 -0.01185
Entry Signal

MarketClub’s Trade Triangles for THBJPY

long term up The long term trend has been UP since Sep 19th, 2018 at 3.45660

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 3.41835

short term down The short term trend has been DOWN since Oct 22nd, 2018 at 3.43120

Smart Scan Analysis for THBJPY

Based on a pre-defined weighted trend formula for chart analysis, THBJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for THBJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.42780 3.42785 3.40475 3.41595 -0.01185
Prev. Close Volume Bid Ask Time
3.42780 3.41580 3.41610 2018-10-23 15:57:06
Want to analyze Thai Baht/Japanese Yen THBJPY or another symbol? Try our Free Forex Trend Analysis Report.