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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

New Taiwan Dollar/Thai Baht (FOREX:TWDTHB)

Sidelines Mode (+55) - TWDTHB 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 TWDTHB?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDTHB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDTHB
Open High Low TWDTHB Price Change
1.1344781 1.1348963 1.1330577 1.1348963 +0.0004180
Entry Signal

MarketClub’s Trade Triangles for TWDTHB

long term down The long-term trend has been DOWN since May 16th, 2024 at 1.1247954

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 1.1406117

short term down The short-term trend has been DOWN since Jun 19th, 2024 at 1.1315938

Smart Scan Analysis for TWDTHB

Based on our trend formula, TWDTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TWDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1344781 1.1348963 1.1330577 1.1348963 +0.0004180
Prev. Close Volume Bid Ask Time
1.1344781 2024-06-20 02:16:39
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