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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Myanmar Kyat/British Pound (FOREX:MMKGBP)

Long-Term Downtrend (-90) - MMKGBP is in a strong downtrend that is likely to continue. While MMKGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.00050151 0.00050151 0.00050151 0.00050151 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 down The intermediate-term trend has been DOWN since Nov 11th, 2020 at 0.00059414

short term down The short-term trend has been DOWN since Dec 31st, 2020 at 0.00055398

Smart Scan Analysis for MMKGBP

Based on our trend formula, MMKGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MMKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00050151 0.00050151 0.00050151 0.00050151 0.00000000
Prev. Close Volume Bid Ask Time
0.00050151 2021-02-25 07:31:42
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