Free Daily Analysis

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.

FOREX_GBPMMK
Open High Low GBPMMK Price Change
1714.1619 1714.1619 1714.1619 1714.1619 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term down The long-term trend has been DOWN since Feb 4th, 2020 at 1905.8095

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 1756.8383

short term down 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).

-90
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways 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
Get a free daily analysis and signals for British Pound/Myanmar Kyat (GBPMMK) - Request Your Free Report.