Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Myanmar Kyat/US Dollar (FOREX:MMKUSD)

Countertrend Down (-85) - MMKUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_MMKUSD
Open High Low MMKUSD Price Change
0.00047636 0.00047636 0.00047636 0.00047636 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MMKUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.00047556

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2024 at 0.00047582

short term up The short-term trend has been UP since Apr 17th, 2024 at 0.00047650

Smart Scan Analysis for MMKUSD

Based on our trend formula, MMKUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MMKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00047636 0.00047636 0.00047636 0.00047636 0.00000000
Prev. Close Volume Bid Ask Time
0.00047636 2024-04-18 07:26:28
Get a free daily analysis and signals for Myanmar Kyat/US Dollar (MMKUSD) - Request Your Free Report.