Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

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, USDMMK 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
2070.5904 2070.5904 2070.5904 2070.5904 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term down The long-term trend has been DOWN since Nov 6th, 2022 at 2079.8947

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2023 at 2099.5408

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 2099.5408

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
2070.5904 2070.5904 2070.5904 2070.5904 0.0000
Prev. Close Volume Bid Ask Time
2070.5904 2023-03-18 03:55:53
Get a free daily analysis and signals for US Dollar/Myanmar Kyat (USDMMK) - Request Your Free Report.