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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Crossroads (+60) - THBCNY is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_THBCNY
Open High Low THBCNY Price Change
0.19567635 0.19570692 0.19494873 0.19524244 -0.00043400
Entry Signal

MarketClub’s Trade Triangles for THBCNY

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 0.19704984

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 0.19378034

short term up The short-term trend has been UP since May 9th, 2024 at 0.19332895

Smart Scan Analysis for THBCNY

Based on our trend formula, THBCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19567635 0.19570692 0.19494873 0.19524244 -0.00043400
Prev. Close Volume Bid Ask Time
0.19567635 2024-05-21 03:18:29
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