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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.

FOREX_THBUSD
Open High Low THBUSD Price Change
0.02881388 0.02885628 0.02876539 0.02876870 -0.00004500
Entry Signal

MarketClub’s Trade Triangles for THBUSD

long term down The long-term trend has been DOWN since Jun 22nd, 2023 at 0.02841595

intermediate term up The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.02770083

short term up 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).

+60
Smart Scan Analysis for THBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02881388 0.02885628 0.02876539 0.02876870 -0.00004500
Prev. Close Volume Bid Ask Time
0.02881388 2023-11-29 03:29:37
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