Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 THBJPY
The long term trend has been UP since Sep 12th, 2019 at 3.5514000
The intermediate term trend has been DOWN since Jan 3rd, 2020 at 3.5749628
The short term trend has been DOWN since Jan 16th, 2020 at 3.6181320
Smart Scan Analysis for THBJPY
Based on a pre-defined weighted trend formula for chart analysis, THBJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).