Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
British Pound/Thai Baht (FOREX:GBPTHB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 GBPTHB
The long term trend has been DOWN since May 1st, 2018 at 43.260438
The intermediate term trend has been DOWN since Feb 5th, 2019 at 40.516790
The short term trend has been UP since Feb 19th, 2019 at 40.421416
Smart Scan Analysis for GBPTHB
Based on a pre-defined weighted trend formula for chart analysis, GBPTHB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).