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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Myanmar Kyat/US Dollar (FOREX:MMKUSD)

Countertrend Up (+85) - MMKUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.000483 0.000483 0.000483 0.000483 0.000000
Entry Signal

MarketClub’s Trade Triangles for MMKUSD

long term up The long-term trend has been UP since Nov 6th, 2022 at 0.00048085

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 0.00047634

short term up The short-term trend has been UP since Mar 17th, 2023 at 0.00047634

Smart Scan Analysis for MMKUSD

Based on our trend formula, MMKUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MMKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000483 0.000483 0.000483 0.000483 0.000000
Prev. Close Volume Bid Ask Time
0.000483 2023-03-18 03:55:53
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