Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US Dollar/Thai Baht (FOREX:USDTHB)
Sidelines Mode (+55) - USDTHB 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 USDTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDTHB
The long-term trend has been UP since Mar 7th, 2021 at 30.598560
The intermediate-term trend has been UP since Feb 25th, 2021 at 30.150000
The short-term trend has been DOWN since Apr 14th, 2021 at 31.395728
Smart Scan Analysis for USDTHB
Based on our trend formula, USDTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).