Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Myanmar Kyat/US Dollar (FOREX:MMKUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MMKUSD
The long term trend has been UP since Nov 28th, 2019 at 0.00066300
The intermediate term trend has been UP since Dec 23rd, 2019 at 0.00066712
The short term trend has been UP since Jan 21st, 2020 at 0.00068251
Smart Scan Analysis for MMKUSD
Based on a pre-defined weighted trend formula for chart analysis, MMKUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).