Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for USDMMK
The long-term trend has been DOWN since Nov 28th, 2019 at 1508.5500
The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 1499.2348
The short-term trend has been DOWN since May 25th, 2020 at 1403.5907
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).