Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Swiss Franc/Thai Baht (FOREX:CHFTHB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CHFTHB
The long term trend has been DOWN since Aug 30th, 2019 at 30.870500
The intermediate term trend has been UP since Dec 3rd, 2019 at 30.621310
The short term trend has been UP since Dec 2nd, 2019 at 30.289081
Smart Scan Analysis for CHFTHB
Based on a pre-defined weighted trend formula for chart analysis, CHFTHB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).