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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

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
0.24877787 0.25013118 0.24826893 0.24993360 +0.00115600
Entry Signal

MarketClub’s Trade Triangles for THBHKD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.25407148

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 0.25017695

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 0.24818852

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
0.24877787 0.25013118 0.24826893 0.24993360 +0.00115600
Prev. Close Volume Bid Ask Time
0.24877787 2021-05-07 15:12:19
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