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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

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

Sidelines Mode (-55) - THBCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.19854700 0.19905422 0.19782455 0.19852124 -0.00002600
Entry Signal

MarketClub’s Trade Triangles for THBCNH

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 0.19994708

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.19651832

short term up The short-term trend has been UP since Jun 19th, 2024 at 0.19847585

Smart Scan Analysis for THBCNH

Based on our trend formula, THBCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for THBCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19854700 0.19905422 0.19782455 0.19852124 -0.00002600
Prev. Close Volume Bid Ask Time
0.19854788 2024-06-21 17:01:54
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