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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.

FOREX_THBNOK
Open High Low THBNOK Price Change
0.2778 0.2783 0.2775 0.2780 +0.0002
Entry Signal

MarketClub’s Trade Triangles for THBNOK

long term up The long term trend has been UP since Nov 13th, 2018 at 0.25815

intermediate term up The intermediate term trend has been UP since Jul 3rd, 2019 at 0.28035

short term up 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).

+80
Smart Scan Analysis for THBNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2778 0.2783 0.2775 0.2780 +0.0002
Prev. Close Volume Bid Ask Time
0.2778 0.2778 0.2782 2019-07-19 10:22:37
Want to analyze Thai Baht/Norwegian Krone THBNOK or another symbol? Try our Free Forex Trend Analysis Report.