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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Weak Uptrend (+65) - THBMYR is showing signs of weakening momentum to the upside. Monitor THBMYR as it may be in the beginning stages of a reversal.

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
0.12921075 0.12964035 0.12911656 0.12962265 +0.00041200
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 down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.12833422

short term up The short-term trend has been UP since Nov 14th, 2024 at 0.12841108

Smart Scan Analysis for THBMYR

Based on our trend formula, THBMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12921075 0.12964035 0.12911656 0.12962265 +0.00041200
Prev. Close Volume Bid Ask Time
0.12923655 2024-11-19 20:53:49
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