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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.

Open High Low MYRTHB Price Change
8.0844 8.0936 8.0795 8.0846 +0.0002
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term up The long term trend has been UP since Jun 15th, 2018 at 8.13505

intermediate term down The intermediate term trend has been DOWN since Jul 31st, 2018 at 8.17780

short term down 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).

Smart Scan Analysis for MYRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.0844 8.0936 8.0795 8.0846 +0.0002
Prev. Close Volume Bid Ask Time
8.0844 8.0771 8.0921 2018-08-15 03:13:44
Want to analyze Malaysian Ringt/Thai Baht MYRTHB or another symbol? Try our Free Forex Trend Analysis Report.