Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Thai Baht/Canadian Dollar (FOREX:THBCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 THBCAD
The long term trend has been UP since Nov 20th, 2018 at 0.040324
The intermediate term trend has been DOWN since Jul 12th, 2019 at 0.042377
The short term trend has been UP since Jul 17th, 2019 at 0.042347
Smart Scan Analysis for THBCAD
Based on a pre-defined weighted trend formula for chart analysis, THBCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).