Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 DOWN since Jan 29th, 2020 at 3.4955000
The intermediate-term trend has been UP since May 8th, 2020 at 3.3432483
The short-term trend has been DOWN since May 29th, 2020 at 3.3669087
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).