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.
MarketClub’s Trade Triangles for THBKRW
The long-term trend has been DOWN since Apr 2nd, 2021 at 36.021072
The intermediate-term trend has been DOWN since Mar 18th, 2021 at 36.483786
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).