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.
MarketClub’s Trade Triangles for CNYTHB
The long-term trend has been UP since Jun 23rd, 2022 at 5.3069327
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 5.3576308
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).