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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Myanmar Kyat (FOREX:ZARMMK)
Long-Term Uptrend (+90) - ZARMMK is in a strong uptrend that is likely to continue. While ZARMMK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARMMK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMMK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARMMK
The long-term trend has been UP since Apr 8th, 2024 at 112.66605
The intermediate-term trend has been UP since May 7th, 2024 at 112.61784
The short-term trend has been UP since Apr 26th, 2024 at 109.42109
Smart Scan Analysis for ZARMMK
Based on our trend formula, ZARMMK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 113.02606 | 113.02606 | 113.02606 | 113.02606 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 113.02606 | 2024-05-08 21:02:49 |