Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Thai Baht/South Korean Won (FOREX:THBKRW)
Countertrend Up (+85) - THBKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 17th, 2023 at 38.275010
The intermediate-term trend has been UP since Jan 13th, 2023 at 37.623609
The short-term trend has been DOWN since Mar 21st, 2023 at 38.002776
Smart Scan Analysis for THBKRW
Based on our trend formula, THBKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).