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.
MarketClub’s Trade Triangles for THBCNY
The long-term trend has been DOWN since Sep 1st, 2020 at 0.21904711
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 0.21479187
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).