Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Thai Baht/Chinese Renminbi Yuan (FOREX:THBCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 THBCNY
The long term trend has been UP since Jul 18th, 2018 at 0.202260
The intermediate term trend has been UP since Dec 20th, 2018 at 0.211540
The short term trend has been DOWN since Feb 20th, 2019 at 0.215845
Smart Scan Analysis for THBCNY
Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).