Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Sidelines Mode (+55) - THBNZD 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 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.
MarketClub’s Trade Triangles for THBNZD
The long-term trend has been DOWN since Dec 3rd, 2019 at 0.05062600
The intermediate-term trend has been UP since Feb 4th, 2020 at 0.05006419
The short-term trend has been DOWN since Feb 21st, 2020 at 0.04986859
Smart Scan Analysis for THBNZD
Based on our trend formula, THBNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).