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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Malaysian Ringt/Thai Baht (FOREX:MYRTHB)

Crossroads (+60) - MYRTHB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MYRTHB?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRTHB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRTHB
Open High Low MYRTHB Price Change
7.908794 7.996099 7.905378 7.994812 +0.086018
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term up The long-term trend has been UP since Sep 3rd, 2020 at 7.568268

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2022 at 7.903954

short term down The short-term trend has been DOWN since Jan 27th, 2022 at 7.855103

Smart Scan Analysis for MYRTHB

Based on our trend formula, MYRTHB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MYRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.908794 7.996099 7.905378 7.994812 +0.086018
Prev. Close Volume Bid Ask Time
7.908794 2022-01-28 11:17:12
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