Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for MYRTHB
The long-term trend has been UP since Sep 3rd, 2020 at 7.568268
The intermediate-term trend has been UP since Sep 13th, 2021 at 7.912052
The short-term trend has been DOWN since Oct 19th, 2021 at 7.988596
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).