Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Thai Baht/Australian Dollar (FOREX:THBAUD)
Bear Market Rally (-75) - THBAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid THBAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBAUD
The long-term trend has been DOWN since Jun 14th, 2023 at 0.04225235
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.04311564
The short-term trend has been UP since Nov 28th, 2023 at 0.04329256
Smart Scan Analysis for THBAUD
Based on our trend formula, THBAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).