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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Long-Term Downtrend (-90) - THBCNY is in a strong downtrend that is likely to continue. While THBCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.21329366 0.21347965 0.21285504 0.21327463 -0.00001900
Entry Signal

MarketClub’s Trade Triangles for THBCNY

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 0.21904711

intermediate term down The intermediate-term trend has been DOWN since Feb 17th, 2021 at 0.21479187

short term down The short-term trend has been DOWN since Feb 16th, 2021 at 0.21542862

Smart Scan Analysis for THBCNY

Based on our trend formula, THBCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21329366 0.21347965 0.21285504 0.21327463 -0.00001900
Prev. Close Volume Bid Ask Time
0.21329366 2021-03-03 09:08:37
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