Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Thai Baht/New Taiwan Dollar (FOREX:THBTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 THBTWD
The long term trend has been UP since Sep 2nd, 2018 at 0.939210
The intermediate term trend has been DOWN since Feb 28th, 2019 at 0.980265
The short term trend has been UP since Apr 14th, 2019 at 0.970560
Smart Scan Analysis for THBTWD
Based on a pre-defined weighted trend formula for chart analysis, THBTWD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).