Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 6th, 2019 at 0.211565
The short term trend has been UP since Jun 19th, 2019 at 0.221885
Smart Scan Analysis for THBCNY
Based on a pre-defined weighted trend formula for chart analysis, THBCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).