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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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.

FOREX_MMKUSD
Open High Low MMKUSD Price Change
0.00047582 0.00047595 0.00047582 0.00047595 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MMKUSD

long term up The long-term trend has been UP since Mar 7th, 2024 at 0.00047816

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.00047597

short term down The short-term trend has been DOWN since Mar 29th, 2024 at 0.00047614

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).

-70
Smart Scan Analysis for MMKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00047582 0.00047595 0.00047582 0.00047595 0.00000000
Prev. Close Volume Bid Ask Time
0.00047582 2024-03-29 03:30:07
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