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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Thai Baht/Indian Rupee (FOREX:THBINR)

Long-Term Downtrend (-90) - THBINR is in a strong downtrend that is likely to continue. While THBINR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_THBINR
Open High Low THBINR Price Change
2.2672515 2.2729711 2.2672515 2.2717782 +0.0045270
Entry Signal

MarketClub’s Trade Triangles for THBINR

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 2.2926195

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 2.2564918

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 2.2696170

Smart Scan Analysis for THBINR

Based on our trend formula, THBINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for THBINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2672515 2.2729711 2.2672515 2.2717782 +0.0045270
Prev. Close Volume Bid Ask Time
2.2672515 2024-06-18 02:46:52
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