Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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.
MarketClub’s Trade Triangles for THBMYR
The long-term trend has been UP since Nov 3rd, 2023 at 0.13347761
The intermediate-term trend has been UP since Oct 15th, 2023 at 0.13064889
The short-term trend has been DOWN since Dec 4th, 2023 at 0.13223058
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).