Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jun 15th, 2018 at 8.13505
The intermediate term trend has been DOWN since Jul 31st, 2018 at 8.17780
The short term trend has been DOWN since Aug 15th, 2018 at 8.08100
Smart Scan Analysis for MYRTHB
Based on a pre-defined weighted trend formula for chart analysis, MYRTHB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).