Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Thai Baht/Norwegian Krone (FOREX:THBNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 THBNOK
The long term trend has been UP since Nov 13th, 2018 at 0.25815
The intermediate term trend has been UP since Jul 3rd, 2019 at 0.28035
The short term trend has been UP since Jul 18th, 2019 at 0.27790
Smart Scan Analysis for THBNOK
Based on a pre-defined weighted trend formula for chart analysis, THBNOK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).