Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Long-Term Uptrend (+90) - CNYTHB is in a strong uptrend that is likely to continue. While CNYTHB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYTHB
The long-term trend has been UP since Sep 4th, 2023 at 4.9382622
The intermediate-term trend has been UP since Aug 3rd, 2023 at 4.8483127
The short-term trend has been UP since Sep 27th, 2023 at 5.0387182
Smart Scan Analysis for CNYTHB
Based on our trend formula, CNYTHB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).