Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Long-Term Downtrend (-90) - THBCNY is in a strong downtrend that is likely to continue. While THBCNY is showing intraday strength, it remains in the confines of a bearish trend. 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 Jan 7th, 2020 at 0.22916580
The intermediate-term trend has been DOWN since Jan 2nd, 2020 at 0.23080456
The short-term trend has been DOWN since Mar 31st, 2020 at 0.21687982
Smart Scan Analysis for THBCNY
Based on our trend formula, THBCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).