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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Thai Baht/Australian Dollar (FOREX:THBAUD)
Long-Term Downtrend (-90) - THBAUD is in a strong downtrend that is likely to continue. While THBAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid THBAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for THBAUD
The long-term trend has been DOWN since Jun 14th, 2023 at 0.04225235
The intermediate-term trend has been DOWN since Apr 28th, 2024 at 0.04120316
The short-term trend has been DOWN since May 3rd, 2024 at 0.04127976
Smart Scan Analysis for THBAUD
Based on our trend formula, THBAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04115716 | 0.04125019 | 0.04114068 | 0.04124136 | +0.00008400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04115716 | 2024-05-09 02:56:57 |