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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Sidelines Mode (-55) - MYRTHB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for MYRTHB
The long-term trend has been UP since Mar 12th, 2024 at 7.634819
The intermediate-term trend has been DOWN since Jul 8th, 2024 at 7.749624
The short-term trend has been UP since Jul 25th, 2024 at 7.764958
Smart Scan Analysis for MYRTHB
Based on our trend formula, MYRTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.754219 | 7.756393 | 7.713783 | 7.714178 | -0.040041 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.754219 | 2024-07-26 20:11:52 |