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Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
Thai Baht/Canadian Dollar (FOREX:THBCAD)
Bear Market Rally (-75) - THBCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid THBCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for THBCAD
The long-term trend has been DOWN since Feb 8th, 2024 at 0.03755065
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.03683232
The short-term trend has been UP since Apr 30th, 2024 at 0.03700798
Smart Scan Analysis for THBCAD
Based on our trend formula, THBCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03708586 | 0.03720720 | 0.03706795 | 0.03719341 | +0.00010800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03708586 | 2024-05-02 03:07:47 |