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.
MarketClub’s Trade Triangles for THBCNH
The long-term trend has been DOWN since Jun 20th, 2022 at 0.1887241
The intermediate-term trend has been UP since Aug 1st, 2022 at 0.1868135
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).