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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Thai Baht/South Korean Won (FOREX:THBKRW)

Bear Market Rally (-75) - THBKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBKRW as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid THBKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBKRW
Open High Low THBKRW Price Change
36.079198 36.105322 35.865717 35.868118 -0.211080
Entry Signal

MarketClub’s Trade Triangles for THBKRW

long term down The long-term trend has been DOWN since Apr 2nd, 2021 at 36.021072

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2021 at 36.483786

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 35.605983

Smart Scan Analysis for THBKRW

Based on our trend formula, THBKRW is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for THBKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.079198 36.105322 35.865717 35.868118 -0.211080
Prev. Close Volume Bid Ask Time
36.079198 2021-05-06 15:33:32
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