Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

US Dollar/Myanmar Kyat (FOREX:USDMMK)

Countertrend Up (+85) - USDMMK 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 USDMMK?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMMK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMMK
Open High Low USDMMK Price Change
1565.2747 1565.2747 1565.2747 1565.2747 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term up The long-term trend has been UP since Dec 2nd, 2020 at 1319.2093

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 1409.9582

short term up The short-term trend has been UP since Apr 7th, 2021 at 1409.5678

Smart Scan Analysis for USDMMK

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

+80
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1565.2747 1565.2747 1565.2747 1565.2747 0.0000
Prev. Close Volume Bid Ask Time
1565.2747 2021-05-01 03:02:39
Get a free daily analysis and signals for US Dollar/Myanmar Kyat (USDMMK) - Request Your Free Report.