Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
Thai Baht/Malaysian Ringt (FOREX:THBMYR)
Weak Uptrend (+65) - THBMYR is showing signs of weakening momentum to the upside. Monitor 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 UP since Sep 9th, 2022 at 0.12823151
The intermediate-term trend has been UP since Dec 13th, 2022 at 0.12782758
The short-term trend has been DOWN since Jan 24th, 2023 at 0.13046674
Smart Scan Analysis for THBMYR
Based on our trend formula, THBMYR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).