Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Hong Kong Dollar/Thai Baht (FOREX:HKDTHB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 HKDTHB
The long term trend has been DOWN since Oct 1st, 2018 at 4.12040
The intermediate term trend has been DOWN since May 9th, 2019 at 4.04235
The short term trend has been UP since May 17th, 2019 at 4.03820
Smart Scan Analysis for HKDTHB
Based on a pre-defined weighted trend formula for chart analysis, HKDTHB scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).