Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
Thai Baht/New Zealand Dollar (FOREX:THBNZD)
Bull Market Weakness (+75) - THBNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBNZD as it may be in the beginning stages of a reversal.
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 UP since Sep 21st, 2022 at 0.04605389
The intermediate-term trend has been DOWN since May 8th, 2023 at 0.04659504
The short-term trend has been UP since May 24th, 2023 at 0.04694642
Smart Scan Analysis for THBNZD
Based on our trend formula, THBNZD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).