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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Thai Baht/Malaysian Ringt (FOREX:THBMYR)

Sidelines Mode (-55) - THBMYR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid THBMYR?

MarketClub looks at technical strength and momentum to determine if the timing is right for THBMYR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_THBMYR
Open High Low THBMYR Price Change
0.13208086 0.13221154 0.13208086 0.13217369 +0.00009300
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long-term trend has been DOWN since Mar 7th, 2021 at 0.13332128

intermediate term down The intermediate-term trend has been DOWN since Feb 17th, 2021 at 0.13443632

short term up The short-term trend has been UP since Apr 14th, 2021 at 0.13139766

Smart Scan Analysis for THBMYR

Based on our trend formula, THBMYR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for THBMYR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13208086 0.13221154 0.13208086 0.13217369 +0.00009300
Prev. Close Volume Bid Ask Time
0.13208086 2021-05-06 02:40:22
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