Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Thai Baht/US Dollar (FOREX:THBUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Oct 1st, 2018 at 0.031012
The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.030405
The short term trend has been DOWN since Oct 22nd, 2018 at 0.030609
Smart Scan Analysis for THBUSD
Based on a pre-defined weighted trend formula for chart analysis, THBUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).