Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Countertrend Up (+85) - MMKGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MMKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MMKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MMKGBP
The long-term trend has been UP since Feb 4th, 2020 at 0.00052481
The intermediate-term trend has been UP since May 4th, 2020 at 0.00056932
The short-term trend has been UP since May 15th, 2020 at 0.00057917
Smart Scan Analysis for MMKGBP
Based on our trend formula, MMKGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).