Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Thai Baht/South African Rand (FOREX:THBZAR)
Bear Market Rally (-75) - THBZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid THBZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBZAR.
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 THBZAR
The long-term trend has been DOWN since Mar 13th, 2024 at 0.52048552
The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.52242066
The short-term trend has been UP since Mar 18th, 2024 at 0.52530345
Smart Scan Analysis for THBZAR
Based on our trend formula, THBZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.52712667 | 0.52765601 | 0.52653455 | 0.52737475 | +0.00024800 |
Prev. Close | Volume | Bid | Ask | Time |
0.52712667 | 2024-03-19 03:19:34 |