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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Thai Baht/Malaysian Ringt (FOREX:THBMYR)
Long-Term Downtrend (-90) - THBMYR is in a strong downtrend that is likely to continue. While THBMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid THBMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for THBMYR
The long-term trend has been DOWN since Mar 27th, 2024 at 0.13038010
The intermediate-term trend has been DOWN since Mar 20th, 2024 at 0.13087307
The short-term trend has been DOWN since May 7th, 2024 at 0.12862552
Smart Scan Analysis for THBMYR
Based on our trend formula, THBMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12838304 | 0.12850556 | 0.12824675 | 0.12843259 | +0.00005000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12838304 | 2024-05-08 20:51:40 |