Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Myanmar Kyat/US Dollar (FOREX:MMKUSD)
Weak Downtrend (-65) - MMKUSD is showing signs of a strengthening downtrend. Monitor MMKUSD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MMKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MMKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MMKUSD
The long-term trend has been UP since Nov 28th, 2019 at 0.00066300
The intermediate-term trend has been DOWN since Nov 11th, 2020 at 0.00077217
The short-term trend has been DOWN since Nov 5th, 2020 at 0.00077729
Smart Scan Analysis for MMKUSD
Based on our trend formula, MMKUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).