Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
Thai Baht/South African Rand (FOREX:THBZAR)
Sidelines Mode (+55) - THBZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for THBZAR
The long-term trend has been DOWN since Jul 15th, 2020 at 0.52690194
The intermediate-term trend has been UP since Aug 3rd, 2020 at 0.54730915
The short-term trend has been DOWN since Aug 11th, 2020 at 0.56114680
Smart Scan Analysis for THBZAR
Based on our trend formula, THBZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).