Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Crossroads (-60) - THBJPY is struggling to move into a solid trend. Beware of choppy markets 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 Nov 30th, 2023 at 4.1898428
The short-term trend has been DOWN since Nov 29th, 2023 at 4.2121330
Smart Scan Analysis for THBJPY
Based on our trend formula, THBJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).