Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Chinese Yuan Renminbi/Thai Baht (FOREX:CNYTHB)
Sidelines Mode (-55) - CNYTHB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Dec 19th, 2021 at 5.2166747
The short-term trend has been UP since Jan 17th, 2022 at 5.2372183
Smart Scan Analysis for CNYTHB
Based on our trend formula, CNYTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).