Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Long-Term Uptrend (+90) - GBPMMK is in a strong uptrend that is likely to continue. While GBPMMK 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 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 UP since Dec 2nd, 2020 at 1760.5517
The intermediate-term trend has been UP since Nov 11th, 2020 at 1683.4661
The short-term trend has been UP since Dec 31st, 2020 at 1805.4426
Smart Scan Analysis for GBPMMK
Based on our trend formula, GBPMMK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).