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Forex Trend Analysis Report

Prepared for you on Saturday, April 21, 2018.

Thai Baht/Norwegian Krone (FOREX:THBNOK)

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.

FOREX_THBNOK
Open High Low THBNOK Price Change
0.24940 0.25010 0.24905 0.24950 +0.00010
Entry Signal

MarketClub’s Trade Triangles for THBNOK

long term down The long term trend has been DOWN since Feb 2nd, 2018 at 0.2439

intermediate term up The intermediate term trend has been UP since Mar 28th, 2018 at 0.2505

short term up The short term trend has been UP since Apr 20th, 2018 at 0.2495

Smart Scan Analysis for THBNOK

Based on a pre-defined weighted trend formula for chart analysis, THBNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for THBNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24940 0.25010 0.24905 0.24950 +0.00010
Prev. Close Volume Bid Ask Time
0.24940 0.24930 0.24970 2018-04-20 14:34:55
Want to analyze Thai Baht/Norwegian Krone THBNOK or another symbol? Try our Free Forex Trend Analysis Report.