Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
Thai Baht/South African Rand (FOREX:THBZAR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 THBZAR
The long term trend has been UP since Apr 23rd, 2018 at 0.390675
The intermediate term trend has been UP since Feb 11th, 2019 at 0.440330
The short term trend has been UP since Mar 25th, 2019 at 0.458210
Smart Scan Analysis for THBZAR
Based on a pre-defined weighted trend formula for chart analysis, THBZAR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).