Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
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 Mar 21st, 2022 at 0.04321702
The intermediate-term trend has been UP since Aug 7th, 2022 at 0.04500429
The short-term trend has been DOWN since Aug 10th, 2022 at 0.04452564
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).