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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Indian Rupee/Thai Baht (FOREX:INRTHB)

Long-Term Downtrend (-90) - INRTHB is in a strong downtrend that is likely to continue. While INRTHB 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 INRTHB?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRTHB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRTHB
Open High Low INRTHB Price Change
0.42036882 0.42123358 0.41963462 0.42097604 +0.00060700
Entry Signal

MarketClub’s Trade Triangles for INRTHB

long term down The long-term trend has been DOWN since May 18th, 2020 at 0.42153309

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2020 at 0.43392031

short term down The short-term trend has been DOWN since May 27th, 2020 at 0.42000700

Smart Scan Analysis for INRTHB

Based on our trend formula, INRTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for INRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.42036882 0.42123358 0.41963462 0.42097604 +0.00060700
Prev. Close Volume Bid Ask Time
0.42036882 0.42055852 0.42139355 2020-05-28 12:34:57
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