Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 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
0.12488127 0.12490417 0.12460360 0.12468149 -0.00020000
Entry Signal

MarketClub’s Trade Triangles for THBMYR

long term down The long-term trend has been DOWN since Jul 18th, 2021 at 0.12803878

intermediate term up The intermediate-term trend has been UP since Oct 25th, 2021 at 0.12548222

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 0.12462485

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
0.12488127 0.12490417 0.12460360 0.12468149 -0.00020000
Prev. Close Volume Bid Ask Time
0.12488127 2021-10-28 05:23:13
Get a free daily analysis and signals for Thai Baht/Malaysian Ringt (THBMYR) - Request Your Free Report.