Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
Countertrend Up (+85) - THBIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid THBIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBIDR
The long-term trend has been UP since Nov 10th, 2022 at 427.32021
The intermediate-term trend has been UP since Mar 12th, 2023 at 446.40129
The short-term trend has been DOWN since Mar 21st, 2023 at 448.24971
Smart Scan Analysis for THBIDR
Based on our trend formula, THBIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).