Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Myanmar Kyat/US Dollar (FOREX:MMKUSD)
Countertrend Up (+85) - MMKUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 6th, 2022 at 0.00048085
The intermediate-term trend has been UP since Mar 17th, 2023 at 0.00047634
The short-term trend has been UP since Mar 17th, 2023 at 0.00047634
Smart Scan Analysis for MMKUSD
Based on our trend formula, MMKUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).