Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Thai Baht/South Korean Won (FOREX:THBKRW)
Bull Market Weakness (+75) - THBKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBKRW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid THBKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBKRW
The long-term trend has been DOWN since Jun 5th, 2023 at 37.344427
The intermediate-term trend has been UP since Nov 28th, 2023 at 37.396028
The short-term trend has been UP since Nov 17th, 2023 at 36.888905
Smart Scan Analysis for THBKRW
Based on our trend formula, THBKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).