Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Weak Uptrend (+65) - GBPMMK is showing signs of weakening momentum to the upside. Monitor GBPMMK as it may be in the beginning stages of a reversal.
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 UP since Dec 2nd, 2020 at 1760.5517
The intermediate-term trend has been UP since Sep 6th, 2021 at 2276.3452
The short-term trend has been DOWN since Oct 25th, 2021 at 2616.8403
Smart Scan Analysis for GBPMMK
Based on our trend formula, GBPMMK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).