Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Hong Kong Dollar/Thai Baht (FOREX:HKDTHB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 HKDTHB
The long term trend has been UP since Jan 16th, 2020 at 3.9138000
The intermediate term trend has been UP since Jan 7th, 2020 at 3.8878615
The short term trend has been DOWN since Jan 20th, 2020 at 3.9032165
Smart Scan Analysis for HKDTHB
Based on a pre-defined weighted trend formula for chart analysis, HKDTHB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).