Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
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.
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 DOWN since Apr 7th, 2021 at 3.4949199
The short-term trend has been DOWN since Apr 5th, 2021 at 3.5304664
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).