Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Myanmar Kyat/US Dollar (FOREX:MMKUSD)
Bear Market Rally (-75) - MMKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MMKUSD as it may be in the beginning of a reversal.
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 Jun 8th, 2022 at 0.00054010
The short-term trend has been UP since Jun 30th, 2022 at 0.00054028
Smart Scan Analysis for MMKUSD
Based on our trend formula, MMKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).