Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Feb 16th, 2018 at 3.38950
The intermediate term trend has been DOWN since Jul 26th, 2018 at 3.31845
The short term trend has been UP since Aug 14th, 2018 at 3.34105
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).