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Forex Trend Analysis Report

Prepared for you on Saturday, May 8, 2021.

Thai Baht/Indian Rupee (FOREX:THBINR)

Crossroads (-60) - THBINR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_THBINR
Open High Low THBINR Price Change
2.3578511 2.3709812 2.3530003 2.3567304 -0.0011210
Entry Signal

MarketClub’s Trade Triangles for THBINR

long term down The long-term trend has been DOWN since Mar 3rd, 2021 at 2.4020069

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2021 at 2.3776239

short term up The short-term trend has been UP since Apr 19th, 2021 at 2.4088358

Smart Scan Analysis for THBINR

Based on our trend formula, THBINR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for THBINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3578511 2.3709812 2.3530003 2.3567304 -0.0011210
Prev. Close Volume Bid Ask Time
2.3578511 2021-05-07 17:13:19
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