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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Sidelines Mode (+55) - CNYTHB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 UP since Oct 7th, 2024 at 4.7538492
The short-term trend has been DOWN since Nov 18th, 2024 at 4.8064704
Smart Scan Analysis for CNYTHB
Based on our trend formula, CNYTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7743014 | 4.7864604 | 4.7724358 | 4.7864604 | +0.0121590 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7743014 | 2024-11-20 03:31:19 |