Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Jul 14th, 2019 at 4.49825
The short term trend has been UP since Jul 12th, 2019 at 4.48410
Smart Scan Analysis for CNYTHB
Based on a pre-defined weighted trend formula for chart analysis, CNYTHB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).