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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Thai Baht/Indian Rupee (FOREX:THBINR)
Sidelines Mode (-55) - THBINR 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 THBINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBINR.
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 THBINR
The long-term trend has been DOWN since Mar 21st, 2024 at 2.2926195
The intermediate-term trend has been UP since May 3rd, 2024 at 2.2945313
The short-term trend has been DOWN since May 7th, 2024 at 2.2619905
Smart Scan Analysis for THBINR
Based on our trend formula, THBINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2600690 | 2.2647274 | 2.2600690 | 2.2614721 | +0.0014030 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2600690 | 2024-05-09 05:24:16 |