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Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Sidelines Mode (+55) - CNHTHB 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 CNHTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHTHB.
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 CNHTHB
The long-term trend has been UP since Feb 24th, 2021 at 4.67550
The intermediate-term trend has been UP since Nov 24th, 2021 at 5.22220
The short-term trend has been DOWN since Dec 7th, 2021 at 5.31825
Smart Scan Analysis for CNHTHB
Based on our trend formula, CNHTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.3150 | 5.3150 | 5.2918 | 5.2918 | -0.0232 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.3150 | 2021-12-07 16:56:34 |