Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNHTHB
The long term trend has been UP since Jan 8th, 2020 at 4.3779
The intermediate term trend has been UP since Jan 7th, 2020 at 4.3350
The short term trend has been UP since Jan 7th, 2020 at 4.3350
Smart Scan Analysis for CNHTHB
Based on a pre-defined weighted trend formula for chart analysis, CNHTHB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).