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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Thai Baht/New Zealand Dollar (FOREX:THBNZD)

Crossroads (+60) - THBNZD 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 THBNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBNZD
Open High Low THBNZD Price Change
0.04623553 0.04643865 0.04620313 0.04630567 +0.00007000
Entry Signal

MarketClub’s Trade Triangles for THBNZD

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 0.04533914

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.04633609

short term up The short-term trend has been UP since Apr 9th, 2024 at 0.04548915

Smart Scan Analysis for THBNZD

Based on our trend formula, THBNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for THBNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04623553 0.04643865 0.04620313 0.04630567 +0.00007000
Prev. Close Volume Bid Ask Time
0.04623553 2024-04-16 14:27:22
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