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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Long-Term Uptrend (+90) - THBMYR is in a strong uptrend that is likely to continue. While THBMYR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.13099008 0.13101897 0.13075913 0.13088850 -0.00010200
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 up The intermediate-term trend has been UP since Dec 3rd, 2024 at 0.13002038

short term up The short-term trend has been UP since Dec 5th, 2024 at 0.13026496

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
0.13099008 0.13101897 0.13075913 0.13088850 -0.00010200
Prev. Close Volume Bid Ask Time
0.13099008 2024-12-11 03:42:06
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