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.
MarketClub’s Trade Triangles for THBNOK
The long term trend has been DOWN since Jun 22nd, 2018 at 0.24575
The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.25385
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).