Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
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 THBCNY
The long term trend has been DOWN since Jan 7th, 2020 at 0.22916580
The intermediate term trend has been DOWN since Jan 2nd, 2020 at 0.23080456
The short term trend has been UP since Jan 20th, 2020 at 0.22665523
Smart Scan Analysis for THBCNY
Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).