Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Thai Baht/South African Rand (FOREX:THBZAR)
Weak Downtrend (-65) - THBZAR is showing signs of a strengthening downtrend. Monitor THBZAR as it may be building momentum to the downside.
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 Feb 5th, 2021 at 0.49368100
The short-term trend has been UP since Feb 25th, 2021 at 0.49689978
Smart Scan Analysis for THBZAR
Based on our trend formula, THBZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).