Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
Thai Baht/Chinese Yuan Renminbi Offshore (FOREX:THBCNH)
Bull Market Weakness (+75) - THBCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBCNH as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for THBCNH
The long-term trend has been UP since Nov 2nd, 2022 at 0.19466407
The intermediate-term trend has been UP since Mar 17th, 2023 at 0.20190075
The short-term trend has been DOWN since Mar 21st, 2023 at 0.20050949
Smart Scan Analysis for THBCNH
Based on our trend formula, THBCNH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).