Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Thai Baht/New Taiwan Dollar (FOREX:THBTWD)
Bear Market Rally (-75) - THBTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBTWD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid THBTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBTWD
The long-term trend has been DOWN since Nov 6th, 2019 at 1.0068720
The intermediate-term trend has been DOWN since Dec 12th, 2019 at 1.0049646
The short-term trend has been UP since Apr 6th, 2020 at 0.9172257
Smart Scan Analysis for THBTWD
Based on our trend formula, THBTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).