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Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Weak Downtrend (-65) - THBCNY is showing signs of a strengthening downtrend. Monitor THBCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid THBCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBCNY
Open High Low THBCNY Price Change
0.21000583 0.21024051 0.20953902 0.20986920 -0.00013700
Entry Signal

MarketClub’s Trade Triangles for THBCNY

long term up The long-term trend has been UP since Jul 5th, 2024 at 0.19899466

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.20942908

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 0.21598263

Smart Scan Analysis for THBCNY

Based on our trend formula, THBCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21000583 0.21024051 0.20953902 0.20986920 -0.00013700
Prev. Close Volume Bid Ask Time
0.21000583 2024-10-07 10:33:58
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