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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)

Countertrend Up (+85) - CNYTHB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
5.2173270 5.2184143 5.2097564 5.2143040 -0.0030230
Entry Signal

MarketClub’s Trade Triangles for CNYTHB

long term up The long-term trend has been UP since Sep 1st, 2020 at 4.5647699

intermediate term up The intermediate-term trend has been UP since Sep 16th, 2021 at 5.1449790

short term up The short-term trend has been UP since Oct 15th, 2021 at 5.1961494

Smart Scan Analysis for CNYTHB

Based on our trend formula, CNYTHB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CNYTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2173270 5.2184143 5.2097564 5.2143040 -0.0030230
Prev. Close Volume Bid Ask Time
5.2173270 2021-10-22 06:28:27
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