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Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Thai Baht/Hong Kong Dollar (FOREX:THBHKD)
Sidelines Mode (-55) - THBHKD 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 THBHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBHKD.
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 THBHKD
The long-term trend has been DOWN since Jan 16th, 2020 at 0.25543000
The intermediate-term trend has been UP since Aug 3rd, 2020 at 0.24878474
The short-term trend has been DOWN since Aug 7th, 2020 at 0.24834159
Smart Scan Analysis for THBHKD
Based on our trend formula, THBHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.24859917 | 0.24926655 | 0.24809791 | 0.24834054 | -0.00025900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.24859917 | 0.24827258 | 0.24840849 | 2020-08-07 17:30:53 |