Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Bull Market Weakness (+75) - THBCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBCNY as it may be in the beginning stages of a reversal.
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 UP since Oct 12th, 2021 at 0.19439264
The short-term trend has been UP since Oct 25th, 2021 at 0.19197883
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).