Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Thai Baht/US Dollar (FOREX:THBUSD)
Long-Term Downtrend (-90) - THBUSD is in a strong downtrend that is likely to continue. While THBUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid THBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBUSD
The long-term trend has been DOWN since Jun 22nd, 2023 at 0.02841595
The intermediate-term trend has been DOWN since Aug 7th, 2023 at 0.02872655
The short-term trend has been DOWN since Sep 19th, 2023 at 0.02790919
Smart Scan Analysis for THBUSD
Based on our trend formula, THBUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).