Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Thai Baht/South Korean Won (FOREX:THBKRW)
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.
MarketClub’s Trade Triangles for THBKRW
The long term trend has been UP since Aug 13th, 2018 at 34.1095
The intermediate term trend has been DOWN since Oct 29th, 2018 at 34.2735
The short term trend has been DOWN since Nov 15th, 2018 at 34.1945
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).