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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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
0.13207047 0.13207902 0.13144330 0.13148566 -0.00058500
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long term trend has been DOWN since Jan 1st, 2020 at 0.13539464

intermediate term down The intermediate term trend has been DOWN since Dec 29th, 2019 at 0.13668318

short term down The short term trend has been DOWN since Jan 23rd, 2020 at 0.13332565

Smart Scan Analysis for THBMYR

Based on a pre-defined weighted trend formula for chart analysis, THBMYR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13207047 0.13207902 0.13144330 0.13148566 -0.00058500
Prev. Close Volume Bid Ask Time
0.13207047 0.13140509 0.13156623 2020-01-29 06:55:40
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