Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 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 Feb 1st, 2018 at 34.2115
The intermediate term trend has been DOWN since Feb 19th, 2018 at 33.9720
The short term trend has been DOWN since Feb 15th, 2018 at 34.1425
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).