Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Long-Term Uptrend (+90) - MYRTHB is in a strong uptrend that is likely to continue. While MYRTHB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 7th, 2023 at 7.691788
The intermediate-term trend has been UP since Sep 12th, 2023 at 7.644480
The short-term trend has been UP since Sep 19th, 2023 at 7.659092
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).