Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
New Taiwan Dollar/Thai Baht (FOREX:TWDTHB)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 TWDTHB
The long term trend has been DOWN since Sep 19th, 2018 at 1.0534
The intermediate term trend has been DOWN since Nov 20th, 2018 at 1.0650
The short term trend has been DOWN since Feb 12th, 2019 at 1.0129
Smart Scan Analysis for TWDTHB
Based on a pre-defined weighted trend formula for chart analysis, TWDTHB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).