Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Thai Baht/South Korean Won (FOREX:THBKRW)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for THBKRW
The long term trend has been DOWN since May 7th, 2018 at 33.7785
The intermediate term trend has been UP since Jun 14th, 2018 at 33.8880
The short term trend has been UP since Jun 13th, 2018 at 33.7665
Smart Scan Analysis for THBKRW
Based on a pre-defined weighted trend formula for chart analysis, THBKRW scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).