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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.

FOREX_THBINR
Open High Low THBINR Price Change
2.2908262 2.3118571 2.2880067 2.3087964 +0.0179700
Entry Signal

MarketClub’s Trade Triangles for THBINR

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 2.3168903

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2023 at 2.3653200

short term down 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).

-90
Smart Scan Analysis for THBINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2908262 2.3118571 2.2880067 2.3087964 +0.0179700
Prev. Close Volume Bid Ask Time
2.2908262 2023-09-22 12:28:18
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