Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
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 CADTHB
The long term trend has been DOWN since Nov 20th, 2018 at 24.793000
The intermediate term trend has been UP since Dec 5th, 2019 at 22.978671
The short term trend has been UP since Dec 3rd, 2019 at 22.805315
Smart Scan Analysis for CADTHB
Based on a pre-defined weighted trend formula for chart analysis, CADTHB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).