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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Thai Baht/Indonesian Rupiah (FOREX:THBIDR)

Countertrend Up (+85) - THBIDR 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 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.

FOREX_THBIDR
Open High Low THBIDR Price Change
438.16687 438.91000 432.83401 437.82128 -0.34559
Entry Signal

MarketClub’s Trade Triangles for THBIDR

long term up The long-term trend has been UP since Nov 22nd, 2023 at 443.36788

intermediate term up The intermediate-term trend has been UP since Apr 11th, 2024 at 438.15131

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 436.16753

Smart Scan Analysis for THBIDR

Based on our trend formula, THBIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for THBIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
438.16687 438.91000 432.83401 437.82128 -0.34559
Prev. Close Volume Bid Ask Time
438.16687 2024-04-24 11:32:41
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