Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Thai Baht/Norwegian Krone (FOREX:THBNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 THBNOK
The long term trend has been UP since Nov 13th, 2018 at 0.25815
The intermediate term trend has been UP since Oct 19th, 2018 at 0.25355
The short term trend has been DOWN since Feb 14th, 2019 at 0.27510
Smart Scan Analysis for THBNOK
Based on a pre-defined weighted trend formula for chart analysis, THBNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).