Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Australian Dollar/Thai Baht (FOREX:AUDTHB)
Sidelines Mode (-55) - AUDTHB 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 AUDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDTHB
The long-term trend has been DOWN since Oct 5th, 2022 at 24.125929
The intermediate-term trend has been DOWN since Aug 9th, 2022 at 24.568579
The short-term trend has been UP since Feb 7th, 2023 at 23.342796
Smart Scan Analysis for AUDTHB
Based on our trend formula, AUDTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).