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Forex Trend Analysis Report

Prepared for you on Tuesday, November 20, 2018.

Thai Baht/South African Rand (FOREX:THBZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_THBZAR
Open High Low THBZAR Price Change
0.426720 0.428975 0.424935 0.427880 +0.001160
Entry Signal

MarketClub’s Trade Triangles for THBZAR

long term up The long term trend has been UP since Apr 23rd, 2018 at 0.390675

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 0.438185

short term down The short term trend has been DOWN since Nov 15th, 2018 at 0.431630

Smart Scan Analysis for THBZAR

Based on a pre-defined weighted trend formula for chart analysis, THBZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for THBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.426720 0.428975 0.424935 0.427880 +0.001160
Prev. Close Volume Bid Ask Time
0.426720 0.427710 0.428050 2018-11-20 21:29:31
Want to analyze Thai Baht/South African Rand THBZAR or another symbol? Try our Free Forex Trend Analysis Report.