Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Japanese Yen/Thai Baht (FOREX:JPYTHB)
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 JPYTHB
The long term trend has been DOWN since Feb 1st, 2019 at 0.285890
The intermediate term trend has been DOWN since Apr 12th, 2019 at 0.283625
The short term trend has been UP since Apr 18th, 2019 at 0.284555
Smart Scan Analysis for JPYTHB
Based on a pre-defined weighted trend formula for chart analysis, JPYTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).