Forex Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 THBNZD
The long term trend has been UP since Oct 6th, 2017 at 0.042215
The intermediate term trend has been DOWN since May 31st, 2018 at 0.044515
The short term trend has been DOWN since Jun 22nd, 2018 at 0.044075
Smart Scan Analysis for THBNZD
Based on a pre-defined weighted trend formula for chart analysis, THBNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).