Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/Thai Baht (FOREX:USDTHB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 USDTHB
The long term trend has been DOWN since Oct 1st, 2018 at 32.2465
The intermediate term trend has been DOWN since Aug 4th, 2019 at 30.6535
The short term trend has been UP since Aug 12th, 2019 at 30.8605
Smart Scan Analysis for USDTHB
Based on a pre-defined weighted trend formula for chart analysis, USDTHB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).