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.
MarketClub’s Trade Triangles for THBMYR
The long term trend has been UP since Aug 28th, 2018 at 0.12613
The intermediate term trend has been UP since Apr 10th, 2019 at 0.12935
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).