Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYTHB
The long term trend has been DOWN since May 13th, 2019 at 4.60155
The intermediate term trend has been DOWN since Aug 1st, 2019 at 4.45005
The short term trend has been DOWN since Sep 19th, 2019 at 4.29915
Smart Scan Analysis for CNYTHB
Based on a pre-defined weighted trend formula for chart analysis, CNYTHB scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).