Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MYRTHB
The long term trend has been DOWN since Sep 5th, 2018 at 7.90585
The intermediate term trend has been DOWN since Jul 31st, 2019 at 7.41570
The short term trend has been UP since Aug 16th, 2019 at 7.37305
Smart Scan Analysis for MYRTHB
Based on a pre-defined weighted trend formula for chart analysis, MYRTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).