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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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.

FOREX_THBZAR
Open High Low THBZAR Price Change
0.55111908 0.55425847 0.54673945 0.54680499 -0.00431400
Entry Signal

MarketClub’s Trade Triangles for THBZAR

long term up The long-term trend has been UP since Feb 28th, 2020 at 0.50201152

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2020 at 0.55675545

short term up The short-term trend has been UP since May 29th, 2020 at 0.55051531

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).

-55
Smart Scan Analysis for THBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55111908 0.55425847 0.54673945 0.54680499 -0.00431400
Prev. Close Volume Bid Ask Time
0.55111908 0.54665305 0.54695693 2020-06-02 05:37:09
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