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.
MarketClub’s Trade Triangles for THBJPY
The long-term trend has been DOWN since Dec 2nd, 2023 at 4.0048949
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 4.1898428
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).