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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.

FOREX_THBZAR
Open High Low THBZAR Price Change
0.47656723 0.48197657 0.47620678 0.48100350 +0.00443600
Entry Signal

MarketClub’s Trade Triangles for THBZAR

long term down The long-term trend has been DOWN since Dec 13th, 2019 at 0.47633500

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 0.47672682

short term up 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).

+70
Smart Scan Analysis for THBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47656723 0.48197657 0.47620678 0.48100350 +0.00443600
Prev. Close Volume Bid Ask Time
0.47656723 0.48046903 0.48153796 2020-02-17 17:24:01
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