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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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.

FOREX_THBCNY
Open High Low THBCNY Price Change
0.19181363 0.19203084 0.19137696 0.19192705 +0.00011300
Entry Signal

MarketClub’s Trade Triangles for THBCNY

long term down The long-term trend has been DOWN since Jun 23rd, 2022 at 0.18858765

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 0.18649371

short term up The short-term trend has been UP since Jul 28th, 2022 at 0.18445437

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).

+70
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19181363 0.19203084 0.19137696 0.19192705 +0.00011300
Prev. Close Volume Bid Ask Time
0.19181363 2022-08-16 21:03:35
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