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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Strong Downtrend (-100) - CNHTHB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNHTHB continues to fall. Traders should use caution 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 DOWN since Jul 26th, 2024 at 4.9427896
Smart Scan Analysis for CNHTHB
Based on our trend formula, CNHTHB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.9834634 | 4.9851270 | 4.9362753 | 4.9362753 | -0.0471880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.9834634 | 2024-07-26 20:02:59 |