Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Thai Baht/Euro (FOREX:THBEUR)
Sidelines Mode (+50) - THBEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until THBEUR can gain momentum.
Is it time to buy, sell, or avoid THBEUR?
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 UP since Apr 20th, 2020 at 0.02837446
The short-term trend has been UP since Jun 2nd, 2020 at 0.02845358
Smart Scan Analysis for THBEUR
Based on our trend formula, THBEUR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).