Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
Thai Baht/South Korean Won (FOREX:THBKRW)
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 THBKRW
The long term trend has been UP since Jan 2nd, 2019 at 34.9250
The intermediate term trend has been UP since Mar 24th, 2019 at 35.9225
The short term trend has been DOWN since Aug 13th, 2019 at 39.3355
Smart Scan Analysis for THBKRW
Based on a pre-defined weighted trend formula for chart analysis, THBKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).