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Forex Trend Analysis Report

Prepared for you on Thursday, December 9, 2021.

Thai Baht/Chinese Yuan Renminbi Offshore (FOREX:THBCNH)

Bear Market Rally (-75) - THBCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on THBCNH as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid THBCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBCNH
Open High Low THBCNH Price Change
0.18972113 0.18997879 0.18940621 0.18980823 +0.00008700
Entry Signal

MarketClub’s Trade Triangles for THBCNH

long term down The long-term trend has been DOWN since Feb 26th, 2021 at 0.21296021

intermediate term down The intermediate-term trend has been DOWN since Nov 25th, 2021 at 0.19104063

short term up The short-term trend has been UP since Dec 7th, 2021 at 0.18884870

Smart Scan Analysis for THBCNH

Based on our trend formula, THBCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for THBCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18972113 0.18997879 0.18940621 0.18980823 +0.00008700
Prev. Close Volume Bid Ask Time
0.18972113 2021-12-09 06:38:10
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