Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Sidelines Mode (+50) - GBPMMK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMMK can gain momentum.
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 DOWN since Oct 13th, 2023 at 2616.3961
The intermediate-term trend has been UP since Nov 6th, 2023 at 2562.1918
The short-term trend has been UP since Nov 6th, 2023 at 2547.0233
Smart Scan Analysis for GBPMMK
Based on our trend formula, GBPMMK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).