Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Long-Term Downtrend (-90) - THBMYR is in a strong downtrend that is likely to continue. While THBMYR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.13353248 0.13353248 0.13312216 0.13338725 -0.00014500
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long-term trend has been DOWN since Mar 7th, 2021 at 0.13332128

intermediate term down The intermediate-term trend has been DOWN since Feb 17th, 2021 at 0.13443632

short term down The short-term trend has been DOWN since Feb 9th, 2021 at 0.13511939

Smart Scan Analysis for THBMYR

Based on our trend formula, THBMYR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13353248 0.13353248 0.13312216 0.13338725 -0.00014500
Prev. Close Volume Bid Ask Time
0.13353248 2021-03-08 20:37:35
Get a free daily analysis and signals for Thai Baht/Malaysian Ringt (THBMYR) - Request Your Free Report.