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Forex Trend Analysis Report

Prepared for you on Saturday, December 2, 2023.

Thai Baht/Japanese Yen (FOREX:THBJPY)

Strong Downtrend (-100) - THBJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, THBJPY continues to fall. Traders should use caution and set stops.

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.

FOREX_THBJPY
Open High Low THBJPY Price Change
3.5530487 3.5530487 3.5530487 3.5530487 0.0000000
Entry Signal

MarketClub’s Trade Triangles for THBJPY

long term down The long-term trend has been DOWN since Dec 2nd, 2023 at 4.0048949

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 4.1898428

short term down The short-term trend has been DOWN since Nov 29th, 2023 at 4.2121330

Smart Scan Analysis for THBJPY

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

-100
Smart Scan Analysis for THBJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5530487 3.5530487 3.5530487 3.5530487 0.0000000
Prev. Close Volume Bid Ask Time
3.5530487 2023-12-02 04:00:09
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