Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Thai Baht/Swiss Franc (FOREX:THBCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 THBCHF
The long term trend has been UP since Oct 1st, 2018 at 0.030411
The intermediate term trend has been UP since Jun 13th, 2019 at 0.031900
The short term trend has been UP since Jul 17th, 2019 at 0.032003
Smart Scan Analysis for THBCHF
Based on a pre-defined weighted trend formula for chart analysis, THBCHF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).