Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Strong Downtrend (-100) - THBCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, THBCNY continues to fall. 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 4th, 2023 at 0.20280636
The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 0.20655405
The short-term trend has been DOWN since Sep 19th, 2023 at 0.20008651
Smart Scan Analysis for THBCNY
Based on our trend formula, THBCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).