Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Malaysian Ringt/Thai Baht (FOREX:MYRTHB)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 9th, 2019 at 7.74390
The short term trend has been DOWN since May 23rd, 2019 at 7.60935
Smart Scan Analysis for MYRTHB
Based on a pre-defined weighted trend formula for chart analysis, MYRTHB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).