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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Thai Baht/Canadian Dollar (FOREX:THBCAD)

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

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

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

FOREX_THBCAD
Open High Low THBCAD Price Change
0.03697063 0.03708059 0.03690926 0.03706313 +0.00009300
Entry Signal

MarketClub’s Trade Triangles for THBCAD

long term down The long-term trend has been DOWN since Feb 19th, 2021 at 0.04208933

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.03801645

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 0.03713415

Smart Scan Analysis for THBCAD

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

-90
Smart Scan Analysis for THBCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03697063 0.03708059 0.03690926 0.03706313 +0.00009300
Prev. Close Volume Bid Ask Time
0.03697063 2021-10-18 22:05:29
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