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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.

FOREX_THBINR
Open High Low THBINR Price Change
2.3348235 2.3402079 2.3327662 2.3350099 +0.0001860
Entry Signal

MarketClub’s Trade Triangles for THBINR

long term up The long term trend has been UP since Feb 1st, 2019 at 2.2825500

intermediate term down The intermediate term trend has been DOWN since Dec 5th, 2019 at 2.3489652

short term down 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).

-70
Smart Scan Analysis for THBINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3348235 2.3402079 2.3327662 2.3350099 +0.0001860
Prev. Close Volume Bid Ask Time
2.3348235 2.3347625 2.3352573 2019-12-11 04:31:11
Want to analyze Thai Baht/Indian Rupee THBINR or another symbol? Try our Free Forex Trend Analysis Report.