Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Aug 2nd, 2018 at 0.044574
The short term trend has been DOWN since Sep 17th, 2018 at 0.046567
Smart Scan Analysis for THBNZD
Based on a pre-defined weighted trend formula for chart analysis, THBNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).