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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Long-Term Downtrend (-90) - MYRTHB is in a strong downtrend that is likely to continue. While MYRTHB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for MYRTHB
The long-term trend has been DOWN since Oct 17th, 2024 at 7.677548
The intermediate-term trend has been DOWN since Nov 22nd, 2024 at 7.667316
The short-term trend has been DOWN since Nov 15th, 2024 at 7.766090
Smart Scan Analysis for MYRTHB
Based on our trend formula, MYRTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.735392 | 7.735392 | 7.628009 | 7.708257 | -0.027135 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.735392 | 2024-11-22 18:31:41 |