Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Weak Downtrend (-65) - CNHTHB is showing signs of a strengthening downtrend. Monitor CNHTHB as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CNHTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNHTHB
The long-term trend has been UP since Jan 8th, 2020 at 4.37790
The intermediate-term trend has been DOWN since Apr 20th, 2020 at 4.60025
The short-term trend has been DOWN since May 11th, 2020 at 4.55225
Smart Scan Analysis for CNHTHB
Based on our trend formula, CNHTHB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).