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.
MarketClub’s Trade Triangles for THBZAR
The long-term trend has been UP since Feb 28th, 2020 at 0.50201152
The intermediate-term trend has been DOWN since May 21st, 2020 at 0.55675545
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).