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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Malaysian Ringt/Thai Baht (FOREX:MYRTHB)

Sidelines Mode (+55) - MYRTHB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MYRTHB?

MarketClub looks at technical strength and momentum to determine if the timing is right for MYRTHB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MYRTHB
Open High Low MYRTHB Price Change
7.948571 7.987726 7.891730 7.913261 -0.035310
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term up The long-term trend has been UP since Jun 16th, 2022 at 8.029823

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 8.092781

short term up The short-term trend has been UP since Aug 18th, 2022 at 7.977814

Smart Scan Analysis for MYRTHB

Based on our trend formula, MYRTHB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MYRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.948571 7.987726 7.891730 7.913261 -0.035310
Prev. Close Volume Bid Ask Time
7.948571 2022-08-18 23:11:12
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