Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Thai Baht/Indian Rupee (FOREX:THBINR)
Sidelines Mode (-55) - THBINR 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 THBINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBINR
The long-term trend has been DOWN since Mar 3rd, 2021 at 2.4020069
The intermediate-term trend has been UP since Oct 10th, 2021 at 2.2220729
The short-term trend has been DOWN since Oct 15th, 2021 at 2.2430931
Smart Scan Analysis for THBINR
Based on our trend formula, THBINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).