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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.
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MarketClub’s Trade Triangles for MYRTHB
The long-term trend has been UP since Jun 16th, 2022 at 8.029823
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 8.092781
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).
| 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 |