Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
South African Rand/Thai Baht (FOREX:ZARTHB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ZARTHB
The long term trend has been DOWN since Apr 3rd, 2017 at 2.53215
The intermediate term trend has been DOWN since Sep 18th, 2017 at 2.50720
The short term trend has been UP since Sep 22nd, 2017 at 2.50600
Smart Scan Analysis for ZARTHB
Based on a pre-defined weighted trend formula for chart analysis, ZARTHB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).