Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Thai Baht/South African Rand (FOREX:THBZAR)

Countertrend Down (-85) - THBZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid THBZAR?

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

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

Open	High	Low	THBZAR Price	Change
0.50315557	0.50419339	0.50034812	0.50081819	-0.00233700
Entry Signal

MarketClub’s Trade Triangles for THBZAR

The long-term trend has been DOWN since Mar 13th, 2024 at 0.52048552

The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.50536577

The short-term trend has been UP since May 8th, 2024 at 0.50489051

Smart Scan Analysis for THBZAR

Based on our trend formula, THBZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.50315557	0.50419339	0.50034812	0.50081819	-0.00233700
Prev. Close	Volume	Bid	Ask	Time
0.50315557				2024-05-09 09:50:46

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