Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Countertrend Down (-85) - CADTHB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CADTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADTHB
The long-term trend has been DOWN since Jul 16th, 2024 at 26.353421
The intermediate-term trend has been DOWN since Jan 21st, 2025 at 23.580001
The short-term trend has been UP since Feb 3rd, 2025 at 23.430319
Smart Scan Analysis for CADTHB
Based on our trend formula, CADTHB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.543683 | 23.543683 | 23.516249 | 23.517790 | -0.025893 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.543683 | 2025-02-05 01:08:17 |