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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

US Dollar/Myanmar Kyat (FOREX:USDMMK)

Crossroads (-60) - USDMMK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1778.1413 1778.1413 1778.1413 1778.1413 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term up The long-term trend has been UP since Dec 2nd, 2020 at 1319.2093

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2022 at 1777.2384

short term down The short-term trend has been DOWN since Jan 12th, 2022 at 1778.4791

Smart Scan Analysis for USDMMK

Based on our trend formula, USDMMK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1778.1413 1778.1413 1778.1413 1778.1413 0.0000
Prev. Close Volume Bid Ask Time
1778.1413 2022-01-19 07:19:33
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