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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Thai Baht/Japanese Yen (FOREX:THBJPY)

Crossroads (-60) - THBJPY 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 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
4.3520134 4.3599170 4.3381945 4.3564424 +0.0044290
Entry Signal

MarketClub’s Trade Triangles for THBJPY

long term up The long-term trend has been UP since Jan 23rd, 2023 at 3.9815634

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 4.3331808

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 4.3539009

Smart Scan Analysis for THBJPY

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

-60
Smart Scan Analysis for THBJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3520134 4.3599170 4.3381945 4.3564424 +0.0044290
Prev. Close Volume Bid Ask Time
4.3520134 2024-07-18 13:40:10
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