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Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2025.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Long-Term Downtrend (-90) - CNHTHB is in a strong downtrend that is likely to continue. While CNHTHB 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 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.
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MarketClub’s Trade Triangles for CNHTHB
The long-term trend has been DOWN since Jul 5th, 2024 at 5.0074340
The intermediate-term trend has been DOWN since Jan 22nd, 2025 at 4.6424740
The short-term trend has been DOWN since Jan 17th, 2025 at 4.6879714
Smart Scan Analysis for CNHTHB
Based on our trend formula, CNHTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6580226 | 4.6627184 | 4.6580226 | 4.6590635 | +0.0010410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6580226 | 2025-01-23 00:13:55 |