Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
Thai Baht/Malaysian Ringt (FOREX:THBMYR)
Bull Market Weakness (+75) - THBMYR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on THBMYR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for THBMYR
The long-term trend has been DOWN since Mar 31st, 2020 at 0.13070653
The intermediate-term trend has been UP since Apr 19th, 2020 at 0.13478087
The short-term trend has been UP since May 7th, 2020 at 0.13351343
Smart Scan Analysis for THBMYR
Based on our trend formula, THBMYR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).