Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Thai Baht/Malaysian Ringt (FOREX:THBMYR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 THBMYR
The long term trend has been DOWN since May 9th, 2018 at 0.123090
The intermediate term trend has been DOWN since May 9th, 2018 at 0.123475
The short term trend has been DOWN since Jul 16th, 2018 at 0.121135
Smart Scan Analysis for THBMYR
Based on a pre-defined weighted trend formula for chart analysis, THBMYR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).