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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Thai Baht/Indian Rupee (FOREX:THBINR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.

FOREX_THBINR
Open High Low THBINR Price Change
2.3063654 2.3229730 2.2954091 2.3052503 -0.0011150
Entry Signal

MarketClub’s Trade Triangles for THBINR

long term down The long term trend has been DOWN since Jan 20th, 2020 at 2.3071500

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 2.3431217

short term down The short term trend has been DOWN since Jan 20th, 2020 at 2.3251122

Smart Scan Analysis for THBINR

Based on a pre-defined weighted trend formula for chart analysis, THBINR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for THBINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3063654 2.3229730 2.2954091 2.3052503 -0.0011150
Prev. Close Volume Bid Ask Time
2.3063654 2.3052341 2.3052664 2020-01-29 09:57:30
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