Forex Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
Canadian Dollar/Thai Baht (FOREX:CADTHB)
Long-Term Uptrend (+90) - CADTHB is in a strong uptrend that is likely to continue. While CADTHB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 22nd, 2020 at 23.588240
The intermediate-term trend has been UP since Oct 13th, 2020 at 23.790999
The short-term trend has been UP since Oct 19th, 2020 at 23.711470
Smart Scan Analysis for CADTHB
Based on our trend formula, CADTHB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).