Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
British Pound/Thai Baht (FOREX:GBPTHB)
Sidelines Mode (-55) - GBPTHB 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 GBPTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPTHB
The long-term trend has been DOWN since Mar 17th, 2020 at 38.964331
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 39.975020
The short-term trend has been UP since Apr 8th, 2020 at 40.625093
Smart Scan Analysis for GBPTHB
Based on our trend formula, GBPTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).