Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
New Taiwan Dollar/Thai Baht (FOREX:TWDTHB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 TWDTHB
The long term trend has been UP since Oct 17th, 2019 at 0.9978750
The intermediate term trend has been UP since Jan 2nd, 2020 at 1.0072542
The short term trend has been DOWN since Jan 20th, 2020 at 1.0108809
Smart Scan Analysis for TWDTHB
Based on a pre-defined weighted trend formula for chart analysis, TWDTHB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).