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Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Thai Baht/New Zealand Dollar (FOREX:THBNZD)

Weak Downtrend (-65) - THBNZD is showing signs of a strengthening downtrend. Monitor THBNZD as it may be building momentum to the downside.

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

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

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

FOREX_THBNZD
Open High Low THBNZD Price Change
0.04805707 0.04849700 0.04800548 0.04843261 +0.00037600
Entry Signal

MarketClub’s Trade Triangles for THBNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 0.04939858

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2020 at 0.04915632

short term down The short-term trend has been DOWN since Aug 6th, 2020 at 0.04822288

Smart Scan Analysis for THBNZD

Based on our trend formula, THBNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for THBNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04805707 0.04849700 0.04800548 0.04843261 +0.00037600
Prev. Close Volume Bid Ask Time
0.04805707 0.04842684 0.04843838 2020-08-07 11:51:22
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