Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Thai Baht/Icelandic Krona (FOREX:THBISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 THBISK
The long term trend has been UP since Sep 4th, 2018 at 3.34370
The intermediate term trend has been DOWN since Feb 28th, 2019 at 3.79110
The short term trend has been UP since Mar 21st, 2019 at 3.70625
Smart Scan Analysis for THBISK
Based on a pre-defined weighted trend formula for chart analysis, THBISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).