Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
New Zealand Dollar/Thai Baht (FOREX:NZDTHB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NZDTHB
The long term trend has been UP since Dec 3rd, 2019 at 19.753300
The intermediate term trend has been UP since Oct 20th, 2019 at 19.321200
The short term trend has been DOWN since Jan 20th, 2020 at 20.066722
Smart Scan Analysis for NZDTHB
Based on a pre-defined weighted trend formula for chart analysis, NZDTHB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).