Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Thai Baht/Hong Kong Dollar (FOREX:THBHKD)
Sidelines Mode (-55) - THBHKD 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 THBHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBHKD
The long-term trend has been DOWN since Jun 22nd, 2023 at 0.22304330
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.21672918
The short-term trend has been DOWN since Dec 5th, 2023 at 0.22132253
Smart Scan Analysis for THBHKD
Based on our trend formula, THBHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).