Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Sidelines Mode (-55) - THBJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid THBJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBJPY
The long-term trend has been UP since Jan 23rd, 2023 at 3.9815634
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 3.8575965
The short-term trend has been UP since Mar 28th, 2023 at 3.8385938
Smart Scan Analysis for THBJPY
Based on our trend formula, THBJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).