Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
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 Oct 6th, 2022 at 27.328986
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 25.215412
The short-term trend has been UP since Mar 27th, 2023 at 24.985178
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).