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.
MarketClub’s Trade Triangles for THBMYR
The long-term trend has been DOWN since Jul 18th, 2021 at 0.12803878
The intermediate-term trend has been DOWN since Sep 9th, 2021 at 0.12660078
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).