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Forex Trend Analysis Report

Prepared for you on Thursday, August 5, 2021.

Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)

Sidelines Mode (+55) - CNHTHB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CNHTHB
Open High Low CNHTHB Price Change
5.0622 5.0622 5.0622 5.0622 0.0000
Entry Signal

MarketClub’s Trade Triangles for CNHTHB

long term up The long-term trend has been UP since Feb 24th, 2021 at 4.67550

intermediate term up The intermediate-term trend has been UP since Jun 21st, 2021 at 4.88750

short term down The short-term trend has been DOWN since Aug 4th, 2021 at 5.06435

Smart Scan Analysis for CNHTHB

Based on our trend formula, CNHTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNHTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0622 5.0622 5.0622 5.0622 0.0000
Prev. Close Volume Bid Ask Time
5.0622 2021-08-04 16:39:38
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