Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Thai Baht/New Taiwan Dollar (FOREX:THBTWD)
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 THBTWD
The long term trend has been UP since Sep 2nd, 2018 at 0.93921
The intermediate term trend has been UP since Nov 19th, 2018 at 0.93784
The short term trend has been UP since Jan 10th, 2019 at 0.96256
Smart Scan Analysis for THBTWD
Based on a pre-defined weighted trend formula for chart analysis, THBTWD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).