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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

British Pound/Myanmar Kyat (FOREX:GBPMMK)

Weak Downtrend (-65) - GBPMMK is showing signs of a strengthening downtrend. Monitor GBPMMK as it may be building momentum to the downside.

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
2516.7347 2516.7347 2516.7347 2516.7347 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term up The long-term trend has been UP since Aug 9th, 2022 at 2322.0160

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2023 at 2574.3313

short term down The short-term trend has been DOWN since Feb 1st, 2023 at 2595.0994

Smart Scan Analysis for GBPMMK

Based on our trend formula, GBPMMK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2516.7347 2516.7347 2516.7347 2516.7347 0.0000
Prev. Close Volume Bid Ask Time
2516.7347 2023-02-07 07:16:33
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