Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
British Pound/Thai Baht (FOREX:GBPTHB)
Sidelines Mode (+55) - GBPTHB 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 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.
MarketClub’s Trade Triangles for GBPTHB
The long-term trend has been UP since Jan 13th, 2021 at 41.116203
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 45.244729
The short-term trend has been UP since Oct 27th, 2021 at 45.862040
Smart Scan Analysis for GBPTHB
Based on our trend formula, GBPTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).