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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Thai Baht (FOREX:USDTHB)
Sidelines Mode (+55) - USDTHB 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 USDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDTHB
The long-term trend has been DOWN since Jul 17th, 2024 at 35.8400
The intermediate-term trend has been UP since Oct 23rd, 2024 at 33.7065
The short-term trend has been DOWN since Nov 18th, 2024 at 34.7100
Smart Scan Analysis for USDTHB
Based on our trend formula, USDTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.574825 | 34.680000 | 34.540000 | 34.660000 | +0.085175 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.574825 | 2024-11-20 03:25:53 |