Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Thai Baht/Hong Kong Dollar (FOREX:THBHKD)
Countertrend Up (+85) - THBHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 1st, 2022 at 0.22312164
The intermediate-term trend has been UP since Mar 16th, 2023 at 0.22832615
The short-term trend has been DOWN since Mar 27th, 2023 at 0.22893565
Smart Scan Analysis for THBHKD
Based on our trend formula, THBHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).