Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
South Korean Won/Thai Baht (FOREX:KRWTHB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 KRWTHB
The long term trend has been UP since Nov 5th, 2019 at 2.6070500
The intermediate term trend has been UP since Oct 14th, 2019 at 2.5722500
The short term trend has been DOWN since Nov 11th, 2019 at 2.6119537
Smart Scan Analysis for KRWTHB
Based on a pre-defined weighted trend formula for chart analysis, KRWTHB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).