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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

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.

FOREX_CNHTHB
Open High Low CNHTHB Price Change
4.9762307 5.0140674 4.9751895 4.9999241 +0.0236930
Entry Signal

MarketClub’s Trade Triangles for CNHTHB

long term down The long-term trend has been DOWN since Jul 5th, 2024 at 5.0074340

intermediate term down The intermediate-term trend has been DOWN since Jul 3rd, 2024 at 5.0172472

short term up The short-term trend has been UP since Jul 25th, 2024 at 4.9964633

Smart Scan Analysis for CNHTHB

Based on our trend formula, CNHTHB is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNHTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9762307 5.0140674 4.9751895 4.9999241 +0.0236930
Prev. Close Volume Bid Ask Time
4.9762307 2024-07-25 13:10:41
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