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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.

FOREX_GBPMMK
Open High Low GBPMMK Price Change
2641.1617 2641.6239 2641.1617 2641.6239 +0.4622
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term down The long-term trend has been DOWN since Oct 13th, 2023 at 2616.3961

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 2562.1918

short term up 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).

+50
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2641.1617 2641.6239 2641.1617 2641.6239 +0.4622
Prev. Close Volume Bid Ask Time
2643.4195 2023-12-08 20:32:20
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