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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.

FOREX_THBMYR
Open High Low THBMYR Price Change
0.121260 0.121785 0.121155 0.121705 +0.000445
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long term trend has been DOWN since May 9th, 2018 at 0.123090

intermediate term down The intermediate term trend has been DOWN since May 9th, 2018 at 0.123475

short term down 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).

-90
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.121260 0.121785 0.121155 0.121705 +0.000445
Prev. Close Volume Bid Ask Time
0.121260 0.121630 0.121780 2018-07-17 23:03:18
Want to analyze Thai Baht/Malaysian Ringt THBMYR or another symbol? Try our Free Forex Trend Analysis Report.