Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Long-Term Downtrend (-90) - THBNZD is in a strong downtrend that is likely to continue. While THBNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jun 2nd, 2020 at 0.04939858
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.04226322
The short-term trend has been DOWN since Oct 15th, 2021 at 0.04260797
Smart Scan Analysis for THBNZD
Based on our trend formula, THBNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).