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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)

Weak Downtrend (-65) - CNHTHB is showing signs of a strengthening downtrend. Monitor CNHTHB as it may be building momentum to the downside.

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.

FOREX_CNHTHB
Open High Low CNHTHB Price Change
5.035 5.035 5.035 5.035 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHTHB

long term up The long-term trend has been UP since Feb 8th, 2024 at 4.9550

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 5.1135

short term down The short-term trend has been DOWN since May 16th, 2024 at 5.1135

Smart Scan Analysis for CNHTHB

Based on our trend formula, CNHTHB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNHTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.035 5.035 5.035 5.035 0.000
Prev. Close Volume Bid Ask Time
5.035 2024-05-16 11:31:15
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