Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
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.
MarketClub’s Trade Triangles for CNYTHB
The long-term trend has been UP since Sep 1st, 2020 at 4.5647699
The intermediate-term trend has been UP since Dec 23rd, 2020 at 4.6263935
The short-term trend has been UP since Feb 16th, 2021 at 4.6419088
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).