Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Thai Baht/Japanese Yen (FOREX:THBJPY)
Sidelines Mode (+55) - THBJPY 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 THBJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBJPY
The long-term trend has been UP since Nov 9th, 2020 at 3.4486589
The intermediate-term trend has been UP since Nov 9th, 2020 at 3.3890391
The short-term trend has been DOWN since Nov 30th, 2020 at 3.4275159
Smart Scan Analysis for THBJPY
Based on our trend formula, THBJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).