Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/Thai Baht (FOREX:USDTHB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDTHB
The long term trend has been UP since Jan 26th, 2020 at 30.690
The intermediate term trend has been UP since Jan 7th, 2020 at 30.305
The short term trend has been DOWN since Feb 11th, 2020 at 31.170
Smart Scan Analysis for USDTHB
Based on a pre-defined weighted trend formula for chart analysis, USDTHB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).