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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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.

FOREX_THBJPY
Open High Low THBJPY Price Change
3.4168964 3.4249142 3.4140623 3.4179755 +0.0010790
Entry Signal

MarketClub’s Trade Triangles for THBJPY

long term down The long-term trend has been DOWN since Jul 6th, 2021 at 3.4209387

intermediate term up The intermediate-term trend has been UP since Oct 10th, 2021 at 3.3223441

short term down The short-term trend has been DOWN since Oct 17th, 2021 at 3.4065790

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).

-55
Smart Scan Analysis for THBJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4168964 3.4249142 3.4140623 3.4179755 +0.0010790
Prev. Close Volume Bid Ask Time
3.4168964 2021-10-22 06:56:53
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