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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.

FOREX_THBKRW
Open High Low THBKRW Price Change
37.944177 37.958962 37.899359 37.900385 -0.043792
Entry Signal

MarketClub’s Trade Triangles for THBKRW

long term down The long term trend has been DOWN since Nov 4th, 2019 at 38.404801

intermediate term down The intermediate term trend has been DOWN since Dec 16th, 2019 at 38.725348

short term up 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).

-85
Smart Scan Analysis for THBKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.944177 37.958962 37.899359 37.900385 -0.043792
Prev. Close Volume Bid Ask Time
37.944177 37.868354 37.932415 2020-02-17 02:53:44
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