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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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
2098.5339 2098.5339 2098.5339 2098.5339 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term up The long-term trend has been UP since Oct 24th, 2023 at 2104.6497

intermediate term up The intermediate-term trend has been UP since Nov 23rd, 2023 at 2101.2680

short term up The short-term trend has been UP since Nov 23rd, 2023 at 2101.2498

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
2098.5339 2098.5339 2098.5339 2098.5339 0.0000
Prev. Close Volume Bid Ask Time
2098.5339 2023-11-28 07:28:25
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