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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Thai Baht/South African Rand (FOREX:THBZAR)

Strong Downtrend (-100) - THBZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.46060479 0.46098284 0.45467789 0.45488851 -0.00571600
Entry Signal

MarketClub’s Trade Triangles for THBZAR

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 0.52690194

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2021 at 0.47959416

short term down The short-term trend has been DOWN since Apr 13th, 2021 at 0.46212413

Smart Scan Analysis for THBZAR

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

-100
Smart Scan Analysis for THBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46060479 0.46098284 0.45467789 0.45488851 -0.00571600
Prev. Close Volume Bid Ask Time
0.46060479 2021-05-06 15:43:24
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