Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
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.
MarketClub’s Trade Triangles for THBINR
The long-term trend has been DOWN since Mar 1st, 2023 at 2.3168903
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 2.3653200
The short-term trend has been DOWN since Sep 19th, 2023 at 2.3181164
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).