Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Thai Baht/Hong Kong Dollar (FOREX:THBHKD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 THBHKD
The long term trend has been UP since Oct 1st, 2018 at 0.24271500
The intermediate term trend has been DOWN since Nov 7th, 2019 at 0.25724400
The short term trend has been DOWN since Dec 2nd, 2019 at 0.25863379
Smart Scan Analysis for THBHKD
Based on a pre-defined weighted trend formula for chart analysis, THBHKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).