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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)

Crossroads (-60) - CNYTHB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CNYTHB?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYTHB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYTHB
Open High Low CNYTHB Price Change
5.2114473 5.2253169 5.2051836 5.2216584 +0.0102110
Entry Signal

MarketClub’s Trade Triangles for CNYTHB

long term up The long-term trend has been UP since Jun 23rd, 2022 at 5.3069327

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 5.3576308

short term down The short-term trend has been DOWN since Jul 28th, 2022 at 5.4161809

Smart Scan Analysis for CNYTHB

Based on our trend formula, CNYTHB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2114473 5.2253169 5.2051836 5.2216584 +0.0102110
Prev. Close Volume Bid Ask Time
5.2114473 2022-08-16 06:39:42
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