Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Thai Baht/Australian Dollar (FOREX:THBAUD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 THBAUD
The long term trend has been DOWN since Dec 29th, 2019 at 0.04746400
The intermediate term trend has been UP since Feb 3rd, 2020 at 0.04825914
The short term trend has been DOWN since Feb 4th, 2020 at 0.04774434
Smart Scan Analysis for THBAUD
Based on a pre-defined weighted trend formula for chart analysis, THBAUD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).