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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.
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MarketClub’s Trade Triangles for GBPMMK
The long-term trend has been UP since Aug 9th, 2022 at 2322.0160
The intermediate-term trend has been DOWN since Feb 7th, 2023 at 2574.3313
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).
| 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 |