Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)
Countertrend Up (+85) - THBCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for THBCNY
The long-term trend has been UP since Oct 31st, 2022 at 0.19214240
The intermediate-term trend has been UP since Mar 17th, 2023 at 0.20145499
The short-term trend has been DOWN since Mar 27th, 2023 at 0.19990851
Smart Scan Analysis for THBCNY
Based on our trend formula, THBCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).