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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Thai Baht/South Korean Won (FOREX:THBKRW)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
38.076323 38.230820 37.967507 38.209280 +0.132957
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 down The short term trend has been DOWN since Jan 7th, 2020 at 38.593243

Smart Scan Analysis for THBKRW

Based on a pre-defined weighted trend formula for chart analysis, THBKRW scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for THBKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.076323 38.230820 37.967507 38.209280 +0.132957
Prev. Close Volume Bid Ask Time
38.076323 38.205331 38.213228 2020-01-17 14:57:16
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