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Forex Trend Analysis Report

Prepared for you on Saturday, December 3, 2022.

British Pound/Thai Baht (FOREX:GBPTHB)

Long-Term Downtrend (-90) - GBPTHB is in a strong downtrend that is likely to continue. While GBPTHB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPTHB?

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

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

FOREX_GBPTHB
Open High Low GBPTHB Price Change
42.661369 42.661369 42.629445 42.629445 -0.031924
Entry Signal

MarketClub’s Trade Triangles for GBPTHB

long term down The long-term trend has been DOWN since Sep 8th, 2022 at 41.884739

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2022 at 41.950415

short term down The short-term trend has been DOWN since Nov 28th, 2022 at 43.065233

Smart Scan Analysis for GBPTHB

Based on our trend formula, GBPTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.661369 42.661369 42.629445 42.629445 -0.031924
Prev. Close Volume Bid Ask Time
42.661369 2022-12-03 05:48:44
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