Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Strong Downtrend (-100) - THBNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for THBNZD
The long-term trend has been DOWN since Jun 2nd, 2020 at 0.04939858
The intermediate-term trend has been DOWN since Apr 12th, 2021 at 0.04503963
The short-term trend has been DOWN since Apr 19th, 2021 at 0.04459971
Smart Scan Analysis for THBNZD
Based on our trend formula, THBNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).