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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 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.

FOREX_MYRTHB
Open High Low MYRTHB Price Change
7.81070 7.84855 7.79750 7.83520 +0.02450
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term down The long term trend has been DOWN since Sep 5th, 2018 at 7.90585

intermediate term up The intermediate term trend has been UP since Oct 7th, 2018 at 7.92975

short term down The short term trend has been DOWN since Oct 11th, 2018 at 7.91385

Smart Scan Analysis for MYRTHB

Based on a pre-defined weighted trend formula for chart analysis, MYRTHB scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MYRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.81070 7.84855 7.79750 7.83520 +0.02450
Prev. Close Volume Bid Ask Time
7.81070 7.82790 7.84250 2018-10-19 21:43:53
Want to analyze Malaysian Ringt/Thai Baht MYRTHB or another symbol? Try our Free Forex Trend Analysis Report.