Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Thai Baht/South African Rand (FOREX:THBZAR)
Bull Market Weakness (+75) - THBZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBZAR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for THBZAR
The long-term trend has been UP since Oct 29th, 2021 at 0.46151782
The intermediate-term trend has been UP since Oct 27th, 2021 at 0.45130372
The short-term trend has been DOWN since Nov 30th, 2021 at 0.47560715
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).