Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
New Taiwan Dollar/Thai Baht (FOREX:TWDTHB)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 TWDTHB
The long term trend has been UP since Oct 17th, 2019 at 0.9978750
The intermediate term trend has been UP since Sep 12th, 2019 at 0.9883550
The short term trend has been DOWN since Nov 12th, 2019 at 0.9961151
Smart Scan Analysis for TWDTHB
Based on a pre-defined weighted trend formula for chart analysis, TWDTHB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).