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.
MarketClub’s Trade Triangles for THBIDR
The long-term trend has been UP since Aug 3rd, 2020 at 470.56964
The intermediate-term trend has been UP since Jul 31st, 2020 at 467.51949
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).