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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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.

FOREX_THBUSD
Open High Low THBUSD Price Change
0.02740477 0.02754063 0.02738976 0.02753304 +0.00012800
Entry Signal

MarketClub’s Trade Triangles for THBUSD

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.02762012

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.02770851

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 0.02813731

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).

-90
Smart Scan Analysis for THBUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02740477 0.02754063 0.02738976 0.02753304 +0.00012800
Prev. Close Volume Bid Ask Time
0.02740477 2024-03-29 11:03:14
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