Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Euro/Thai Baht (FOREX:EURTHB)
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 EURTHB
The long term trend has been DOWN since Oct 1st, 2018 at 37.415
The intermediate term trend has been UP since Apr 15th, 2019 at 35.966
The short term trend has been DOWN since Apr 18th, 2019 at 35.898
Smart Scan Analysis for EURTHB
Based on a pre-defined weighted trend formula for chart analysis, EURTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).