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.
MarketClub’s Trade Triangles for THBCNH
The long-term trend has been DOWN since Sep 14th, 2023 at 0.20321409
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.20224448
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).