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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Countertrend Down (-85) - CNYTHB 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 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.
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MarketClub’s Trade Triangles for CNYTHB
The long-term trend has been DOWN since Jun 5th, 2024 at 5.0462921
The intermediate-term trend has been DOWN since Jul 5th, 2024 at 5.0279564
The short-term trend has been UP since Jul 25th, 2024 at 4.9994100
Smart Scan Analysis for CNYTHB
Based on our trend formula, CNYTHB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.9865567 | 4.9888178 | 4.9493774 | 4.9493774 | -0.0371790 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.9865567 | 2024-07-26 20:15:38 |