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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)

Long-Term Uptrend (+90) - CNYTHB is in a strong uptrend that is likely to continue. While CNYTHB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
5.1196048 5.1452304 5.1193355 5.1346806 +0.0150760
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 up The intermediate-term trend has been UP since Feb 19th, 2024 at 5.0822027

short term up The short-term trend has been UP since Mar 27th, 2024 at 5.1173298

Smart Scan Analysis for CNYTHB

Based on our trend formula, CNYTHB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1196048 5.1452304 5.1193355 5.1346806 +0.0150760
Prev. Close Volume Bid Ask Time
5.1196048 2024-03-28 11:34:28
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