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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Thai Baht/South African Rand (FOREX:THBZAR)

Bear Market Rally (-75) - THBZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBZAR as it may be in the beginning of a reversal.

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.

FOREX_THBZAR
Open High Low THBZAR Price Change
0.51474443 0.51934436 0.51217153 0.51538760 +0.00064300
Entry Signal

MarketClub’s Trade Triangles for THBZAR

long term down The long-term trend has been DOWN since Mar 13th, 2024 at 0.52048552

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.52242066

short term up The short-term trend has been UP since Apr 10th, 2024 at 0.51142280

Smart Scan Analysis for THBZAR

Based on our trend formula, THBZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for THBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51474443 0.51934436 0.51217153 0.51538760 +0.00064300
Prev. Close Volume Bid Ask Time
0.51474443 2024-04-12 17:05:23
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