Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Thai Baht/US Dollar (FOREX:THBUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Mar 19th, 2017 at 0.02876
The short term trend has been DOWN since Apr 20th, 2017 at 0.02906
Smart Scan Analysis for THBUSD
Based on a pre-defined weighted trend formula for chart analysis, THBUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).