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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Countertrend Up (+85) - THBCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since May 14th, 2024 at 0.19378034
The short-term trend has been DOWN since Jul 25th, 2024 at 0.19996976
Smart Scan Analysis for THBCNY
Based on our trend formula, THBCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for THBCNY](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.20048686 | 0.20207358 | 0.20040376 | 0.20196100 | +0.00147400 |
Prev. Close | Volume | Bid | Ask | Time |
0.20048686 | 2024-07-26 20:52:04 |