Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Thai Baht/Chinese Yuan Renminbi (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 May 13th, 2019 at 0.217315
The intermediate term trend has been UP since Oct 3rd, 2019 at 0.233900
The short term trend has been DOWN since Oct 11th, 2019 at 0.233800
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).