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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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.

FOREX_THBJPY
Open High Low THBJPY Price Change
3.8417810 3.8702765 3.8269920 3.8269920 -0.0147890
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 Mar 13th, 2023 at 3.8575965

short term up The short-term trend has been UP since Mar 15th, 2023 at 3.9013478

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).

-55
Smart Scan Analysis for THBJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8417810 3.8702765 3.8269920 3.8269920 -0.0147890
Prev. Close Volume Bid Ask Time
3.8417810 2023-03-21 11:09:44
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