Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 24.793
The intermediate term trend has been DOWN since Nov 13th, 2018 at 24.862
The short term trend has been UP since Feb 20th, 2019 at 23.631
Smart Scan Analysis for CADTHB
Based on a pre-defined weighted trend formula for chart analysis, CADTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).