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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
US Dollar/Myanmar Kyat (FOREX:USDMMK)
Bull Market Weakness (+75) - USDMMK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMMK as it may be in the beginning stages of a reversal.
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 Apr 10th, 2024 at 2102.9696
The intermediate-term trend has been UP since Apr 9th, 2024 at 2101.8390
The short-term trend has been UP since Apr 18th, 2024 at 2100.8581
Smart Scan Analysis for USDMMK
Based on our trend formula, USDMMK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2097.5271 | 2097.5271 | 2097.5271 | 2097.5271 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2097.5271 | 2024-04-23 07:26:27 |