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Forex Trend Analysis Report

Prepared for you on Monday, January 24, 2022.

Thai Baht/Chinese Yuan Renminbi (FOREX:THBCNY)

Crossroads (+60) - THBCNY is struggling to move into a solid trend. Beware of choppy markets 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
0.19169185 0.19194322 0.19169185 0.19180253 +0.00011100
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 up The intermediate-term trend has been UP since Dec 20th, 2021 at 0.19155508

short term up The short-term trend has been UP since Jan 11th, 2022 at 0.19035484

Smart Scan Analysis for THBCNY

Based on our trend formula, THBCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for THBCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19169185 0.19194322 0.19169185 0.19180253 +0.00011100
Prev. Close Volume Bid Ask Time
0.19169185 2022-01-24 05:28:51
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