Forex Trend Analysis Report
Prepared for you on Friday, January 27, 2023.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Strong Downtrend (-100) - MMKGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MMKGBP continues to fall. 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.
MarketClub’s Trade Triangles for MMKGBP
The long-term trend has been DOWN since Aug 9th, 2022 at 0.00043071
The intermediate-term trend has been DOWN since Jan 9th, 2023 at 0.00039365
The short-term trend has been DOWN since Jan 9th, 2023 at 0.00039472
Smart Scan Analysis for MMKGBP
Based on our trend formula, MMKGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).