Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Myanmar Kyat/US Dollar (FOREX:MMKUSD)
Long-Term Downtrend (-90) - MMKUSD is in a strong downtrend that is likely to continue. While MMKUSD 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 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 DOWN since Dec 2nd, 2020 at 0.00075818
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.00070937
The short-term trend has been DOWN since Apr 7th, 2021 at 0.00070956
Smart Scan Analysis for MMKUSD
Based on our trend formula, MMKUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).