Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Thai Baht/Canadian Dollar (FOREX:THBCAD)
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 THBCAD
The long term trend has been DOWN since Jan 2nd, 2020 at 0.04312824
The intermediate term trend has been DOWN since Dec 5th, 2019 at 0.04351539
The short term trend has been UP since Jan 20th, 2020 at 0.04305472
Smart Scan Analysis for THBCAD
Based on a pre-defined weighted trend formula for chart analysis, THBCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).