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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.
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MarketClub’s Trade Triangles for INRTHB
The long-term trend has been DOWN since May 18th, 2020 at 0.42153309
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 0.43392031
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).
| 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 |