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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 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.

FOREX_THBTWD
Open High Low THBTWD Price Change
0.8797431 0.8831512 0.8788690 0.8831068 +0.0033640
Entry Signal

MarketClub’s Trade Triangles for THBTWD

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 0.8751629

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 0.8879991

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 0.8791576

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).

+55
Smart Scan Analysis for THBTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8797431 0.8831512 0.8788690 0.8831068 +0.0033640
Prev. Close Volume Bid Ask Time
0.8797431 2024-04-18 13:03:26
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