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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
New Taiwan Dollar/Thai Baht (FOREX:TWDTHB)
Long-Term Downtrend (-90) - TWDTHB is in a strong downtrend that is likely to continue. While TWDTHB 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 TWDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDTHB.
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 TWDTHB
The long-term trend has been DOWN since May 16th, 2024 at 1.1247954
The intermediate-term trend has been DOWN since Dec 3rd, 2024 at 1.0510416
The short-term trend has been DOWN since Dec 20th, 2024 at 1.0483947
Smart Scan Analysis for TWDTHB
Based on our trend formula, TWDTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0483651 | 1.0509822 | 1.0483651 | 1.0509822 | +0.0026170 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0483651 | 2024-12-21 07:48:59 |