Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Thai Baht/South African Rand (FOREX:THBZAR)
Sidelines Mode (+55) - THBZAR 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 THBZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBZAR
The long-term trend has been UP since Jul 8th, 2022 at 0.47110833
The intermediate-term trend has been UP since Mar 7th, 2023 at 0.53308876
The short-term trend has been DOWN since Mar 22nd, 2023 at 0.53645304
Smart Scan Analysis for THBZAR
Based on our trend formula, THBZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).