Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Thai Baht/US Dollar (FOREX:THBUSD)
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 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 Dec 8th, 2017 at 0.03061
Smart Scan Analysis for THBUSD
Based on a pre-defined weighted trend formula for chart analysis, THBUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).