Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Hong Kong Dollar/Thai Baht (FOREX:HKDTHB)
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 HKDTHB
The long term trend has been DOWN since Oct 1st, 2018 at 4.1204000
The intermediate term trend has been UP since Nov 7th, 2019 at 3.8871130
The short term trend has been DOWN since Nov 11th, 2019 at 3.8727523
Smart Scan Analysis for HKDTHB
Based on a pre-defined weighted trend formula for chart analysis, HKDTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).