Forex Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
Thai Baht/US Dollar (FOREX:THBUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 THBUSD
The long term trend has been UP since Oct 1st, 2018 at 0.031012
The intermediate term trend has been DOWN since Apr 7th, 2019 at 0.031309
The short term trend has been DOWN since Apr 21st, 2019 at 0.031397
Smart Scan Analysis for THBUSD
Based on a pre-defined weighted trend formula for chart analysis, THBUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).