Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
Swiss Franc/Thai Baht (FOREX:CHFTHB)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Aug 12th, 2019 at 31.8505
The intermediate term trend has been UP since Aug 5th, 2019 at 31.4660
The short term trend has been DOWN since Aug 16th, 2019 at 31.5270
Smart Scan Analysis for CHFTHB
Based on a pre-defined weighted trend formula for chart analysis, CHFTHB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).