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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

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
0.12507220 0.12527108 0.12453203 0.12453203 -0.00054000
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long-term trend has been DOWN since Jul 18th, 2021 at 0.12803878

intermediate term down The intermediate-term trend has been DOWN since Sep 9th, 2021 at 0.12660078

short term up The short-term trend has been UP since Oct 12th, 2021 at 0.12471151

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
0.12507220 0.12527108 0.12453203 0.12453203 -0.00054000
Prev. Close Volume Bid Ask Time
0.12507220 2021-10-15 11:55:58
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