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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)

Weak Uptrend (+65) - CNYTHB is showing signs of weakening momentum to the upside. Monitor CNYTHB as it may be in the beginning stages of a reversal.

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.

FOREX_CNYTHB
Open High Low CNYTHB Price Change
5.1801047 5.1801047 5.1643869 5.1643869 -0.0157180
Entry Signal

MarketClub’s Trade Triangles for CNYTHB

long term up The long-term trend has been UP since Feb 20th, 2024 at 5.0896460

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2024 at 5.1611594

short term up The short-term trend has been UP since May 22nd, 2024 at 5.1373641

Smart Scan Analysis for CNYTHB

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

+65
Smart Scan Analysis for CNYTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1801047 5.1801047 5.1643869 5.1643869 -0.0157180
Prev. Close Volume Bid Ask Time
5.1801047 2024-05-30 05:36:46
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