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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

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

Bear Market Rally (-75) - THBCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBCNH as it may be in the beginning 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.

FOREX_THBCNH
Open High Low THBCNH Price Change
0.20427771 0.20447880 0.20230501 0.20234130 -0.00193600
Entry Signal

MarketClub’s Trade Triangles for THBCNH

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 0.20321409

intermediate term up The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.20224448

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 0.20303757

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).

-75
Smart Scan Analysis for THBCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20427771 0.20447880 0.20230501 0.20234130 -0.00193600
Prev. Close Volume Bid Ask Time
0.20427771 2023-11-30 09:54:38
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