Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Thai Baht/South African Rand (FOREX:THBZAR)
Bull Market Weakness (+75) - THBZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid
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 DOWN since Dec 13th, 2019 at 0.47633500
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.47672682
The short-term trend has been UP since Feb 17th, 2020 at 0.48112512
Smart Scan Analysis for THBZAR
Based on our trend formula, THBZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).