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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Strong Downtrend (-100) - THBCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.20623828 0.20623828 0.20623828 0.20623828 0.00000000
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 Feb 17th, 2021 at 0.21479187

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.20846856

Smart Scan Analysis for THBCNY

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

-100
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20623828 0.20623828 0.20623828 0.20623828 0.00000000
Prev. Close Volume Bid Ask Time
0.20623828 2021-05-12 02:26:50
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