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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Sidelines Mode (+55) - THBMYR 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 THBMYR?

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

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

FOREX_THBMYR
Open High Low THBMYR Price Change
0.13067134 0.13085647 0.13040560 0.13040560 -0.00026600
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term up The long-term trend has been UP since Oct 29th, 2024 at 0.13011696

intermediate term up The intermediate-term trend has been UP since Dec 3rd, 2024 at 0.13002038

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 0.13069160

Smart Scan Analysis for THBMYR

Based on our trend formula, THBMYR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13067134 0.13085647 0.13040560 0.13040560 -0.00026600
Prev. Close Volume Bid Ask Time
0.13067134 2024-12-26 04:54:52
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