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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
Sidelines Mode (+55) - THBIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid THBIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBIDR.
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 THBIDR
The long-term trend has been UP since Nov 22nd, 2023 at 443.36788
The intermediate-term trend has been UP since Apr 11th, 2024 at 438.15131
The short-term trend has been DOWN since Apr 30th, 2024 at 437.21307
Smart Scan Analysis for THBIDR
Based on our trend formula, THBIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 435.06012 | 435.62500 | 434.78343 | 435.13594 | +0.07582 |
| Prev. Close | Volume | Bid | Ask | Time |
| 435.06012 | 2024-05-09 04:05:30 |