Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Thai Baht/South Korean Won (FOREX:THBKRW)

Sidelines Mode (-55) - THBKRW 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 THBKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	THBKRW Price	Change
37.023261	37.162206	37.019226	37.127307	+0.104046
Entry Signal

MarketClub’s Trade Triangles for THBKRW

The long-term trend has been UP since Jan 2nd, 2024 at 38.006596

The intermediate-term trend has been DOWN since May 7th, 2024 at 36.744698

The short-term trend has been UP since May 8th, 2024 at 37.051671

Smart Scan Analysis for THBKRW

Based on our trend formula, THBKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
37.023261	37.162206	37.019226	37.127307	+0.104046
Prev. Close	Volume	Bid	Ask	Time
37.023261				2024-05-09 06:32:27

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