Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Thai Baht/US Dollar (FOREX:THBUSD)
Sidelines Mode (+55) - THBUSD 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 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 Mar 7th, 2021 at 0.03268919
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.03015682
The short-term trend has been DOWN since Oct 17th, 2021 at 0.02987751
Smart Scan Analysis for THBUSD
Based on our trend formula, THBUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).