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Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Myanmar Kyat (FOREX:USDMMK)
Long-Term Uptrend (+90) - USDMMK is in a strong uptrend that is likely to continue. While USDMMK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for USDMMK
The long-term trend has been UP since Dec 2nd, 2020 at 1319.2093
The intermediate-term trend has been UP since Feb 2nd, 2021 at 1334.1440
The short-term trend has been UP since Feb 16th, 2021 at 1410.2157
Smart Scan Analysis for USDMMK
Based on our trend formula, USDMMK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1409.5047 | 1409.5047 | 1409.5047 | 1409.5047 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1409.5047 | 2021-02-25 07:31:42 |