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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Myanmar Kyat/British Pound (FOREX:MMKGBP)

Sidelines Mode (+50) - MMKGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MMKGBP can gain momentum.

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.

FOREX_MMKGBP
Open High Low MMKGBP Price Change
0.00040354 0.00040354 0.00040354 0.00040354 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MMKGBP

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 0.00056811

intermediate term up The intermediate-term trend has been UP since Oct 27th, 2021 at 0.00039333

short term up The short-term trend has been UP since Oct 25th, 2021 at 0.00038218

Smart Scan Analysis for MMKGBP

Based on our trend formula, MMKGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for MMKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00040354 0.00040354 0.00040354 0.00040354 0.00000000
Prev. Close Volume Bid Ask Time
0.00040354 2021-10-27 21:08:47
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