Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 THBNZD
The long term trend has been UP since Feb 6th, 2019 at 0.047023
The intermediate term trend has been DOWN since Feb 26th, 2019 at 0.046247
The short term trend has been DOWN since Mar 11th, 2019 at 0.046158
Smart Scan Analysis for THBNZD
Based on a pre-defined weighted trend formula for chart analysis, THBNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).