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.
MarketClub’s Trade Triangles for MYRTHB
The long-term trend has been DOWN since Nov 27th, 2023 at 7.483636
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 7.510748
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).