Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Thai Baht/New Taiwan Dollar (FOREX:THBTWD)
Countertrend Down (-85) - THBTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Jun 2nd, 2022 at 0.8327323
The intermediate-term trend has been DOWN since May 30th, 2022 at 0.8486960
The short-term trend has been UP since Jun 28th, 2022 at 0.8411423
Smart Scan Analysis for THBTWD
Based on our trend formula, THBTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).