Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
US Dollar/Myanmar Kyat (FOREX:USDMMK)
Sidelines Mode (+50) - USDMMK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDMMK can gain momentum.
Is it time to buy, sell, or avoid USDMMK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMMK.
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 USDMMK
The long-term trend has been DOWN since Mar 7th, 2024 at 2091.5271
The intermediate-term trend has been UP since Mar 12th, 2024 at 2101.1885
The short-term trend has been UP since Mar 12th, 2024 at 2101.1885
Smart Scan Analysis for USDMMK
Based on our trend formula, USDMMK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
2099.8519 | 2099.8519 | 2099.8519 | 2099.8519 | 0.0000 |
Prev. Close | Volume | Bid | Ask | Time |
2099.8519 | 2024-03-18 08:25:59 |