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.
MarketClub’s Trade Triangles for THBZAR
The long-term trend has been DOWN since Jul 15th, 2020 at 0.52690194
The intermediate-term trend has been DOWN since Mar 17th, 2021 at 0.47959416
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).