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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Canadian Dollar/Thai Baht (FOREX:CADTHB)

Long-Term Downtrend (-90) - CADTHB is in a strong downtrend that is likely to continue. While CADTHB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_CADTHB
Open High Low CADTHB Price Change
25.616497 25.663933 25.583829 25.663933 +0.047436
Entry Signal

MarketClub’s Trade Triangles for CADTHB

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 25.718339

intermediate term down The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 26.469476

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 25.717879

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).

-90
Smart Scan Analysis for CADTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.616497 25.663933 25.583829 25.663933 +0.047436
Prev. Close Volume Bid Ask Time
25.616497 2023-11-29 04:38:46
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