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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Sidelines Mode (-55) - THBCNY 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 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.
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MarketClub’s Trade Triangles for THBCNY
The long-term trend has been UP since Jul 5th, 2024 at 0.19899466
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.20942908
The short-term trend has been UP since Nov 17th, 2024 at 0.20844370
Smart Scan Analysis for THBCNY
Based on our trend formula, THBCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20942452 | 0.20958611 | 0.20875719 | 0.20884736 | -0.00057700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20942452 | 2024-11-20 03:42:05 |