Free Daily Analysis

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.

FOREX_THBHKD
Open High Low THBHKD Price Change
0.24859917 0.24926655 0.24809791 0.24834054 -0.00025900
Entry Signal

MarketClub’s Trade Triangles for THBHKD

long term down The long-term trend has been DOWN since Jan 16th, 2020 at 0.25543000

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2020 at 0.24878474

short term down 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).

-55
Smart Scan Analysis for THBHKD
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Thai Baht/Hong Kong Dollar (THBHKD) - Request Your Free Report.