Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Strong Downtrend (-100) - GBPMMK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMMK continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPMMK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMMK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
MarketClub’s Trade Triangles for GBPMMK
The long-term trend has been DOWN since Apr 12th, 2024 at 2633.0057
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 2666.5107
The short-term trend has been DOWN since May 1st, 2024 at 2627.5951
Smart Scan Analysis for GBPMMK
Based on our trend formula, GBPMMK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
2624.386 | 2624.386 | 2624.386 | 2624.386 | 0.000 |
Prev. Close | Volume | Bid | Ask | Time |
2616.502 | 2024-05-08 21:02:49 |