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.
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 DOWN since Nov 11th, 2020 at 0.00059414
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).