Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Thai Baht/Australian Dollar (FOREX:THBAUD)
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 THBAUD
The long term trend has been UP since Dec 21st, 2018 at 0.043358
The intermediate term trend has been DOWN since Mar 3rd, 2019 at 0.044299
The short term trend has been DOWN since Mar 20th, 2019 at 0.044348
Smart Scan Analysis for THBAUD
Based on a pre-defined weighted trend formula for chart analysis, THBAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).