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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Thai Baht/Canadian Dollar (FOREX:THBCAD)

Weak Downtrend (-65) - THBCAD is showing signs of a strengthening downtrend. Monitor THBCAD as it may be building momentum to the downside.

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
0.04036809 0.04039158 0.04027346 0.04027879 -0.00008900
Entry Signal

MarketClub’s Trade Triangles for THBCAD

long term up The long-term trend has been UP since Jul 16th, 2024 at 0.03794587

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.04061697

short term down The short-term trend has been DOWN since Nov 20th, 2024 at 0.04036918

Smart Scan Analysis for THBCAD

Based on our trend formula, THBCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for THBCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04036809 0.04039158 0.04027346 0.04027879 -0.00008900
Prev. Close Volume Bid Ask Time
0.04036809 2024-11-20 03:17:12
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