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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

US Dollar/Myanmar Kyat (FOREX:USDMMK)

Strong Downtrend (-100) - USDMMK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1391.1843 1391.1843 1391.1843 1391.1843 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term down The long-term trend has been DOWN since Nov 28th, 2019 at 1508.5500

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 1499.2348

short term down The short-term trend has been DOWN since May 25th, 2020 at 1403.5907

Smart Scan Analysis for USDMMK

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

-100
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1391.1843 1391.1843 1391.1843 1391.1843 0.0000
Prev. Close Volume Bid Ask Time
1391.1843 1371.3229 1411.0457 2020-05-28 21:09:25
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