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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

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.

FOREX_USDTHB
Open High Low USDTHB Price Change
36.3865 36.4200 36.3200 36.3785 -0.0080
Entry Signal

MarketClub’s Trade Triangles for USDTHB

long term up The long-term trend has been UP since Mar 20th, 2024 at 36.210000

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 36.464000

short term up The short-term trend has been UP since May 21st, 2024 at 36.328464

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).

+55
Smart Scan Analysis for USDTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.3865 36.4200 36.3200 36.3785 -0.0080
Prev. Close Volume Bid Ask Time
36.3865 2024-05-22 07:36:30
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