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Forex Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

Thai Baht/Indonesian Rupiah (FOREX:THBIDR)

Long-Term Uptrend (+90) - THBIDR is in a strong uptrend that is likely to continue. While THBIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_THBIDR
Open High Low THBIDR Price Change
469.79746 470.06697 468.02136 468.58565 -1.21181
Entry Signal

MarketClub’s Trade Triangles for THBIDR

long term up The long-term trend has been UP since Aug 3rd, 2020 at 470.56964

intermediate term up The intermediate-term trend has been UP since Jul 31st, 2020 at 467.51949

short term up The short-term trend has been UP since Jul 28th, 2020 at 461.36358

Smart Scan Analysis for THBIDR

Based on our trend formula, THBIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for THBIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
469.79746 470.06697 468.02136 468.58565 -1.21181
Prev. Close Volume Bid Ask Time
469.79746 462.32629 474.84500 2020-08-05 08:51:39
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