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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Thai Baht/Canadian Dollar (FOREX:THBCAD)

Sidelines Mode (-55) - THBCAD 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 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
0.03743795 0.03745418 0.03740328 0.03744699 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for THBCAD

long term down The long-term trend has been DOWN since Feb 8th, 2024 at 0.03755065

intermediate term down The intermediate-term trend has been DOWN since May 31st, 2024 at 0.03708168

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.03755167

Smart Scan Analysis for THBCAD

Based on our trend formula, THBCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for THBCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03743795 0.03745418 0.03740328 0.03744699 +0.00000900
Prev. Close Volume Bid Ask Time
0.03743795 2024-06-16 23:29:17
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