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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.

FOREX_GBPMMK
Open High Low GBPMMK Price Change
1994.3191 1994.3191 1994.3191 1994.3191 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term up The long-term trend has been UP since Dec 2nd, 2020 at 1760.5517

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2020 at 1683.4661

short term up 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).

+90
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1994.3191 1994.3191 1994.3191 1994.3191 0.0000
Prev. Close Volume Bid Ask Time
1994.3191 2021-02-25 07:31:42
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