Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jul 30th, 2017 at 3.3127
The short term trend has been UP since Aug 15th, 2017 at 3.3017
Smart Scan Analysis for THBJPY
Based on a pre-defined weighted trend formula for chart analysis, THBJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).