Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Countertrend Down (-85) - CNHTHB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jul 5th, 2024 at 5.0074340
The intermediate-term trend has been DOWN since Jul 3rd, 2024 at 5.0172472
The short-term trend has been UP since Oct 1st, 2024 at 4.6476000
Smart Scan Analysis for CNHTHB
Based on our trend formula, CNHTHB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6853752 | 4.6876139 | 4.6574698 | 4.6700940 | -0.0152810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6853752 | 2024-10-04 03:55:41 |