Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Indian Rupee/Thai Baht (FOREX:INRTHB)
Sidelines Mode (+55) - INRTHB 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 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.
MarketClub’s Trade Triangles for INRTHB
The long-term trend has been UP since May 2nd, 2022 at 0.45084544
The intermediate-term trend has been DOWN since Aug 4th, 2022 at 0.45215895
The short-term trend has been UP since Aug 15th, 2022 at 0.44607519
Smart Scan Analysis for INRTHB
Based on our trend formula, INRTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).