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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_THBCNY
Open High Low THBCNY Price Change
0.22778 0.22778 0.22778 0.22778 0.00000
Entry Signal

MarketClub’s Trade Triangles for THBCNY

long term up The long term trend has been UP since May 13th, 2019 at 0.217315

intermediate term up The intermediate term trend has been UP since Aug 1st, 2019 at 0.224725

short term down The short term trend has been DOWN since Aug 13th, 2019 at 0.228710

Smart Scan Analysis for THBCNY

Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22778 0.22778 0.22778 0.22778 0.00000
Prev. Close Volume Bid Ask Time
0.22778 0.22749 0.22807 2019-08-18 00:39:26
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