Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 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.
MarketClub’s Trade Triangles for THBNOK
The long term trend has been UP since Nov 7th, 2017 at 0.24685
The intermediate term trend has been DOWN since Dec 27th, 2017 at 0.25285
The short term trend has been DOWN since Jan 12th, 2018 at 0.24985
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).