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.
MarketClub’s Trade Triangles for CADTHB
The long-term trend has been DOWN since Nov 8th, 2023 at 25.718339
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 26.469476
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).