Free Daily Analysis

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.

FOREX_MMKUSD
Open High Low MMKUSD Price Change
0.0007616 0.0007616 0.0007616 0.0007616 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MMKUSD

long term up The long-term trend has been UP since Nov 28th, 2019 at 0.00066300

intermediate term down The intermediate-term trend has been DOWN since Nov 11th, 2020 at 0.00077217

short term down 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).

-70
Smart Scan Analysis for MMKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0007616 0.0007616 0.0007616 0.0007616 0.0000000
Prev. Close Volume Bid Ask Time
0.0007616 2020-11-23 21:07:06
Get a free daily analysis and signals for Myanmar Kyat/US Dollar (MMKUSD) - Request Your Free Report.