Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Weak Downtrend (-65) - THBMYR is showing signs of a strengthening downtrend. Monitor THBMYR as it may be building momentum to the downside.

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
0.12828925 0.12841761 0.12828925 0.12841761 +0.00012800
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.13038010

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.12814482

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 0.12803949

Smart Scan Analysis for THBMYR

Based on our trend formula, THBMYR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12828925 0.12841761 0.12828925 0.12841761 +0.00012800
Prev. Close Volume Bid Ask Time
0.12828925 2024-06-24 05:06:20
Get a free daily analysis and signals for Thai Baht/Malaysian Ringt (THBMYR) - Request Your Free Report.