Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Sidelines Mode (-55) - CADTHB 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 CADTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADTHB
The long-term trend has been DOWN since Nov 10th, 2020 at 23.178815
The intermediate-term trend has been DOWN since Oct 28th, 2020 at 23.451229
The short-term trend has been UP since Dec 3rd, 2020 at 23.414728
Smart Scan Analysis for CADTHB
Based on our trend formula, CADTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).