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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2019.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 THBMYR Price Change
0.13090 0.13114 0.13063 0.13111 +0.00021
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term up The long term trend has been UP since Aug 28th, 2018 at 0.12613

intermediate term up The intermediate term trend has been UP since Apr 10th, 2019 at 0.12935

short term down The short term trend has been DOWN since May 16th, 2019 at 0.13133

Smart Scan Analysis for THBMYR

Based on a pre-defined weighted trend formula for chart analysis, THBMYR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13090 0.13114 0.13063 0.13111 +0.00021
Prev. Close Volume Bid Ask Time
0.13090 0.13105 0.13117 2019-05-22 06:55:50
Want to analyze Thai Baht/Malaysian Ringt THBMYR or another symbol? Try our Free Forex Trend Analysis Report.