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Forex Trend Analysis Report

Prepared for you on Thursday, October 19, 2017.

Malaysian Ringt/Thai Baht (FOREX:MYRTHB)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low MYRTHB Price Change
7.88525 7.88805 7.83650 7.84060 -0.04465
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term down The long term trend has been DOWN since Aug 1st, 2017 at 7.77535

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2017 at 7.82010

short term up The short term trend has been UP since Oct 17th, 2017 at 7.84290

Smart Scan Analysis for MYRTHB

Based on a pre-defined weighted trend formula for chart analysis, MYRTHB scored -85 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
7.88525 7.88805 7.83650 7.84060 -0.04465
Prev. Close Volume Bid Ask Time
7.88525 7.83540 7.84580 2017-10-19 10:17:25
Want to analyze Malaysian Ringt/Thai Baht MYRTHB or another symbol? Try our Free Forex Trend Analysis Report.