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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.

FOREX_THBUSD
Open High Low THBUSD Price Change
0.03016 0.03017 0.03015 0.03017 +0.00001
Entry Signal

MarketClub’s Trade Triangles for THBUSD

long term up The long term trend has been UP since Feb 5th, 2017 at 0.02868

intermediate term up The intermediate term trend has been UP since Oct 13th, 2017 at 0.03025

short term down 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).

+75
Smart Scan Analysis for THBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03016 0.03017 0.03015 0.03017 +0.00001
Prev. Close Volume Bid Ask Time
0.03016 0.03016 0.03018 2017-10-20 02:52:10
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