Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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.
MarketClub’s Trade Triangles for USDMMK
The long-term trend has been UP since Dec 2nd, 2020 at 1319.2093
The intermediate-term trend has been UP since Sep 12th, 2021 at 1645.8753
The short-term trend has been UP since Sep 3rd, 2021 at 1644.4227
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).