Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Thai Baht/Malaysian Ringt (FOREX:THBMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for THBMYR
The long term trend has been UP since Aug 28th, 2018 at 0.126130
The intermediate term trend has been DOWN since Jul 12th, 2019 at 0.133015
The short term trend has been UP since Jul 17th, 2019 at 0.133215
Smart Scan Analysis for THBMYR
Based on a pre-defined weighted trend formula for chart analysis, THBMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).