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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Thai Baht/Chinese Yuan Renminbi Offshore (FOREX:THBCNH)

Crossroads (+60) - THBCNH 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 THBCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBCNH
Open High Low THBCNH Price Change
0.19215816 0.19256761 0.19179481 0.19187017 -0.00028800
Entry Signal

MarketClub’s Trade Triangles for THBCNH

long term down The long-term trend has been DOWN since Jun 20th, 2022 at 0.1887241

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 0.1868135

short term up The short-term trend has been UP since Jul 28th, 2022 at 0.1846294

Smart Scan Analysis for THBCNH

Based on our trend formula, THBCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for THBCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19215816 0.19256761 0.19179481 0.19187017 -0.00028800
Prev. Close Volume Bid Ask Time
0.19215816 2022-08-16 06:53:41
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