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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

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
3322.5355 3322.5355 3314.8786 3315.3304 -7.2051
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term up The long-term trend has been UP since Jun 6th, 2024 at 2688.9723

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 2637.1077

short term up The short-term trend has been UP since Jun 13th, 2024 at 3840.9522

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
3322.5355 3322.5355 3314.8786 3315.3304 -7.2051
Prev. Close Volume Bid Ask Time
4125.1149 2024-06-16 21:00:27
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