Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
US Dollar/Thai Baht (FOREX:USDTHB)
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.
MarketClub’s Trade Triangles for USDTHB
The long term trend has been UP since May 8th, 2018 at 31.920
The intermediate term trend has been UP since Apr 20th, 2018 at 31.311
The short term trend has been DOWN since May 22nd, 2018 at 32.077
Smart Scan Analysis for USDTHB
Based on a pre-defined weighted trend formula for chart analysis, USDTHB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).