Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Thai Baht/South African Rand (FOREX:THBZAR)

Crossroads (+60) - THBZAR is struggling to move into a solid trend. Beware of choppy markets 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.

Open	High	Low	THBZAR Price	Change
0.51810933	0.52008299	0.51635599	0.51776255	-0.00034700
Entry Signal

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 UP since Apr 18th, 2024 at 0.52339595

The short-term trend has been UP since Apr 10th, 2024 at 0.51142280

Smart Scan Analysis for THBZAR

Based on our trend formula, THBZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.51810933	0.52008299	0.51635599	0.51776255	-0.00034700
Prev. Close	Volume	Bid	Ask	Time
0.51810933				2024-04-24 23:40:34

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