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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Thai Baht/British Pound (FOREX:THBGBP)

Bear Market Rally (-75) - THBGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid THBGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBGBP
Open High Low THBGBP Price Change
0.02130034 0.02132557 0.02130034 0.02131940 +0.00001900
Entry Signal

MarketClub’s Trade Triangles for THBGBP

long term down The long-term trend has been DOWN since Jan 22nd, 2024 at 0.02207862

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.02136802

short term up The short-term trend has been UP since Jul 16th, 2024 at 0.02142619

Smart Scan Analysis for THBGBP

Based on our trend formula, THBGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for THBGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02130034 0.02132557 0.02130034 0.02131940 +0.00001900
Prev. Close Volume Bid Ask Time
0.02130034 2024-07-22 06:34:58
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