Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Thai Baht/Indian Rupee (FOREX:THBINR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for THBINR
The long term trend has been UP since Feb 1st, 2019 at 2.2825500
The intermediate term trend has been DOWN since Dec 5th, 2019 at 2.3489652
The short term trend has been DOWN since Dec 2nd, 2019 at 2.3650928
Smart Scan Analysis for THBINR
Based on a pre-defined weighted trend formula for chart analysis, THBINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).