Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Thai Baht/Canadian Dollar (FOREX:THBCAD)
Long-Term Uptrend (+90) - THBCAD is in a strong uptrend that is likely to continue. While THBCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for THBCAD
The long-term trend has been UP since Nov 8th, 2023 at 0.03887807
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.03777019
The short-term trend has been UP since Nov 27th, 2023 at 0.03888190
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).