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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Thai Baht/New Taiwan Dollar (FOREX:THBTWD)
Sidelines Mode (-55) - THBTWD 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 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.
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MarketClub’s Trade Triangles for THBTWD
The long-term trend has been UP since May 16th, 2024 at 0.8931813
The intermediate-term trend has been DOWN since Oct 22nd, 2024 at 0.9543416
The short-term trend has been UP since Nov 17th, 2024 at 0.9369540
Smart Scan Analysis for THBTWD
Based on our trend formula, THBTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9386784 | 0.9404342 | 0.9368444 | 0.9378765 | -0.0008020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9386784 | 2024-11-20 03:43:58 |