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Forex Trend Analysis Report
Prepared for you on Friday, December 13, 2024.
Thai Baht/New Taiwan Dollar (FOREX:THBTWD)
Countertrend Up (+85) - THBTWD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid THBTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for THBTWD
The long-term trend has been UP since May 16th, 2024 at 0.8931813
The intermediate-term trend has been UP since Dec 3rd, 2024 at 0.9519716
The short-term trend has been DOWN since Dec 13th, 2024 at 0.9549250
Smart Scan Analysis for THBTWD
Based on our trend formula, THBTWD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9557924 | 0.9560441 | 0.9502634 | 0.9530529 | -0.0027400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9557924 | 2024-12-13 17:06:34 |