Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Long-Term Uptrend (+90) - CADTHB is in a strong uptrend that is likely to continue. While CADTHB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 19th, 2021 at 23.759568
The intermediate-term trend has been UP since Sep 23rd, 2021 at 26.304140
The short-term trend has been UP since Oct 15th, 2021 at 26.929486
Smart Scan Analysis for CADTHB
Based on our trend formula, CADTHB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).