Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Thai Baht/US Dollar (FOREX:THBUSD)
Crossroads (+60) - THBUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid THBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBUSD
The long-term trend has been DOWN since Jun 22nd, 2023 at 0.02841595
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.02770083
The short-term trend has been UP since Nov 27th, 2023 at 0.02839296
Smart Scan Analysis for THBUSD
Based on our trend formula, THBUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).