Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Thai Baht/Euro (FOREX:THBEUR)
Sidelines Mode (-55) - THBEUR 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
MarketClub looks at technical strength and momentum to determine if the timing is right for THBEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBEUR
The long-term trend has been DOWN since Jan 2nd, 2020 at 0.02956309
The intermediate-term trend has been DOWN since Jan 2nd, 2020 at 0.02960422
The short-term trend has been UP since Feb 3rd, 2020 at 0.02921076
Smart Scan Analysis for THBEUR
Based on our trend formula, THBEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).