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Forex Trend Analysis Report

Prepared for you on Wednesday, January 27, 2021.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Sidelines Mode (-55) - THBCNY 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 THBCNY?

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

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

FOREX_THBCNY
Open High Low THBCNY Price Change
0.21569107 0.21635251 0.21551204 0.21619769 +0.00050700
Entry Signal

MarketClub’s Trade Triangles for THBCNY

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 0.21904711

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2021 at 0.21617088

short term up The short-term trend has been UP since Jan 27th, 2021 at 0.21627856

Smart Scan Analysis for THBCNY

Based on our trend formula, THBCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21569107 0.21635251 0.21551204 0.21619769 +0.00050700
Prev. Close Volume Bid Ask Time
0.21569107 2021-01-27 20:38:38
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