Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Thai Baht/South Korean Won (FOREX:THBKRW)
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 THBKRW
The long term trend has been DOWN since Nov 4th, 2019 at 38.404801
The intermediate term trend has been DOWN since Dec 16th, 2019 at 38.725348
The short term trend has been UP since Feb 13th, 2020 at 38.030904
Smart Scan Analysis for THBKRW
Based on a pre-defined weighted trend formula for chart analysis, THBKRW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).