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Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Long-Term Downtrend (-90) - GBPMMK is in a strong downtrend that is likely to continue. While GBPMMK is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for GBPMMK
The long-term trend has been DOWN since Feb 4th, 2020 at 1905.8095
The intermediate-term trend has been DOWN since May 4th, 2020 at 1756.8383
The short-term trend has been DOWN since May 15th, 2020 at 1726.9637
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1714.1619 | 1714.1619 | 1714.1619 | 1714.1619 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1714.1619 | 1689.6894 | 1738.6343 | 2020-05-28 21:09:25 |