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Forex Trend Analysis Report
Prepared for you on Monday, October 7, 2024.
Chinese Yuan Renminbi Offshore/Thai Baht (FOREX:CNHTHB)
Bull Market Weakness (+75) - CNHTHB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHTHB as it may be in the beginning stages of a reversal.
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 UP since Oct 6th, 2024 at 4.7178087
The short-term trend has been UP since Oct 1st, 2024 at 4.6476000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7145996 | 4.7416729 | 4.7127940 | 4.7388437 | +0.0242440 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7145996 | 2024-10-07 15:32:23 |