Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Thai Baht/Chinese Yuan Renminbi Offshore (FOREX:THBCNH)
Strong Downtrend (-100) - THBCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Feb 26th, 2021 at 0.21296021
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.19437743
The short-term trend has been DOWN since Oct 15th, 2021 at 0.19241639
Smart Scan Analysis for THBCNH
Based on our trend formula, THBCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).