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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.

Open High Low MYRTHB Price Change
7.36665 7.37290 7.35620 7.36260 -0.00405
Entry Signal

MarketClub’s Trade Triangles for MYRTHB

long term down The long term trend has been DOWN since Sep 5th, 2018 at 7.90585

intermediate term down The intermediate term trend has been DOWN since Jul 31st, 2019 at 7.41570

short term up 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).

Smart Scan Analysis for MYRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.36665 7.37290 7.35620 7.36260 -0.00405
Prev. Close Volume Bid Ask Time
7.36665 7.35720 7.36800 2019-08-20 10:59:06
Want to analyze Malaysian Ringt/Thai Baht MYRTHB or another symbol? Try our Free Forex Trend Analysis Report.