Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Weak Downtrend (-65) - MMKGBP is showing signs of a strengthening downtrend. Monitor MMKGBP as it may be building momentum to the downside.
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 DOWN since Dec 2nd, 2020 at 0.00056811
The intermediate-term trend has been UP since Mar 7th, 2021 at 0.00051156
The short-term trend has been DOWN since Apr 18th, 2021 at 0.00051512
Smart Scan Analysis for MMKGBP
Based on our trend formula, MMKGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).