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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.

FOREX_THBJPY
Open High Low THBJPY Price Change
3.8331766 3.8876100 3.8327737 3.8651165 +0.0319400
Entry Signal

MarketClub’s Trade Triangles for THBJPY

long term up The long-term trend has been UP since Jan 23rd, 2023 at 3.9815634

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 3.8575965

short term up 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).

-55
Smart Scan Analysis for THBJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8331766 3.8876100 3.8327737 3.8651165 +0.0319400
Prev. Close Volume Bid Ask Time
3.8331766 2023-03-29 22:46:15
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