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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

Malaysian Ringt/Thai Baht (FOREX:MYRTHB)

Countertrend Down (-85) - MYRTHB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
7.512224 7.512422 7.512224 7.512422 +0.000198
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term down The long-term trend has been DOWN since Nov 27th, 2023 at 7.483636

intermediate term down The intermediate-term trend has been DOWN since Nov 16th, 2023 at 7.510748

short term up The short-term trend has been UP since Dec 5th, 2023 at 7.567028

Smart Scan Analysis for MYRTHB

Based on our trend formula, MYRTHB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MYRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.512224 7.512422 7.512224 7.512422 +0.000198
Prev. Close Volume Bid Ask Time
7.512224 2023-12-06 00:23:09
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