Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Hong Kong Dollar/Thai Baht (FOREX:HKDTHB)
Sidelines Mode (+55) - HKDTHB 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 HKDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDTHB
The long-term trend has been UP since Apr 17th, 2022 at 4.3240442
The intermediate-term trend has been DOWN since Aug 4th, 2022 at 4.5668839
The short-term trend has been UP since Aug 15th, 2022 at 4.5168811
Smart Scan Analysis for HKDTHB
Based on our trend formula, HKDTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).