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Forex Trend Analysis Report

Prepared for you on Monday, October 15, 2018.

Thai Baht/Norwegian Krone (FOREX:THBNOK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.24965 0.25020 0.24920 0.24970 +0.00005
Entry Signal

MarketClub’s Trade Triangles for THBNOK

long term down The long term trend has been DOWN since Jun 22nd, 2018 at 0.24575

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.25385

short term down The short term trend has been DOWN since Oct 4th, 2018 at 0.25200

Smart Scan Analysis for THBNOK

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

-100
Smart Scan Analysis for THBNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24965 0.25020 0.24920 0.24970 +0.00005
Prev. Close Volume Bid Ask Time
0.24965 0.24950 0.24990 2018-10-15 14:32:02
Want to analyze Thai Baht/Norwegian Krone THBNOK or another symbol? Try our Free Forex Trend Analysis Report.