Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Thai Baht/Hong Kong Dollar (FOREX:THBHKD)
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 THBHKD
The long term trend has been DOWN since Jan 16th, 2020 at 0.25543000
The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.25719154
The short term trend has been UP since Jan 20th, 2020 at 0.25619194
Smart Scan Analysis for THBHKD
Based on a pre-defined weighted trend formula for chart analysis, THBHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).