Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Japanese Yen/Thai Baht (FOREX:JPYTHB)
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 JPYTHB
The long term trend has been DOWN since Sep 12th, 2019 at 0.281575
The intermediate term trend has been DOWN since Aug 25th, 2019 at 0.287595
The short term trend has been UP since Sep 19th, 2019 at 0.283560
Smart Scan Analysis for JPYTHB
Based on a pre-defined weighted trend formula for chart analysis, JPYTHB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).