Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
South Korean Won/Thai Baht (FOREX:KRWTHB)
Sidelines Mode (-55) - KRWTHB 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 KRWTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWTHB
The long-term trend has been UP since Mar 24th, 2020 at 2.6684988
The intermediate-term trend has been DOWN since Apr 20th, 2020 at 2.6517726
The short-term trend has been UP since Jun 1st, 2020 at 2.5857756
Smart Scan Analysis for KRWTHB
Based on our trend formula, KRWTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).