Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Thai Baht/US Dollar (FOREX:THBUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 THBUSD
The long term trend has been UP since Feb 5th, 2017 at 0.02868
The intermediate term trend has been UP since Oct 13th, 2017 at 0.03025
The short term trend has been DOWN since Oct 17th, 2017 at 0.03019
Smart Scan Analysis for THBUSD
Based on a pre-defined weighted trend formula for chart analysis, THBUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).