Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Long-Term Downtrend (-90) - MYRTHB is in a strong downtrend that is likely to continue. While MYRTHB 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 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.
MarketClub’s Trade Triangles for MYRTHB
The long-term trend has been DOWN since May 22nd, 2020 at 7.297681
The intermediate-term trend has been DOWN since Apr 21st, 2020 at 7.406170
The short-term trend has been DOWN since May 27th, 2020 at 7.306107
Smart Scan Analysis for MYRTHB
Based on our trend formula, MYRTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).