Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Australian Dollar/Thai Baht (FOREX:AUDTHB)
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.
MarketClub’s Trade Triangles for AUDTHB
The long term trend has been DOWN since Dec 21st, 2018 at 23.0590
The intermediate term trend has been DOWN since Jul 26th, 2019 at 21.3115
The short term trend has been DOWN since Aug 19th, 2019 at 20.8735
Smart Scan Analysis for AUDTHB
Based on a pre-defined weighted trend formula for chart analysis, AUDTHB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).