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.
MarketClub’s Trade Triangles for CNHTHB
The long-term trend has been UP since Feb 24th, 2021 at 4.67550
The intermediate-term trend has been UP since Jun 21st, 2021 at 4.88750
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).