Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Strong Downtrend (-100) - CNYTHB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYTHB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CNYTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNYTHB
The long-term trend has been DOWN since Jun 5th, 2024 at 5.0462921
The intermediate-term trend has been DOWN since Dec 3rd, 2024 at 4.7221330
The short-term trend has been DOWN since Dec 20th, 2024 at 4.6872247
Smart Scan Analysis for CNYTHB
Based on our trend formula, CNYTHB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6802112 | 4.6834320 | 4.6783619 | 4.6792468 | -0.0009640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6802112 | 2024-12-26 05:18:27 |