Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
Strong Downtrend (-100) - THBIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid THBIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBIDR
The long-term trend has been DOWN since Sep 16th, 2021 at 428.98356
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 431.21444
The short-term trend has been DOWN since Oct 15th, 2021 at 419.79500
Smart Scan Analysis for THBIDR
Based on our trend formula, THBIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).