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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Thai Baht/Swiss Franc (FOREX:THBCHF)
Long-Term Downtrend (-90) - THBCHF is in a strong downtrend that is likely to continue. While THBCHF 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 THBCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBCHF.
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 THBCHF
The long-term trend has been DOWN since Jan 8th, 2024 at 0.02429493
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.02449771
The short-term trend has been DOWN since May 3rd, 2024 at 0.02456862
Smart Scan Analysis for THBCHF
Based on our trend formula, THBCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02460370 | 0.02463591 | 0.02460076 | 0.02462290 | +0.00001900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02460370 | 2024-05-09 03:49:05 |