Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MYRTHB
The long term trend has been UP since Nov 22nd, 2017 at 7.9529
The intermediate term trend has been DOWN since Feb 13th, 2018 at 8.0027
The short term trend has been DOWN since Feb 23rd, 2018 at 8.0174
Smart Scan Analysis for MYRTHB
Based on a pre-defined weighted trend formula for chart analysis, MYRTHB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).