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.
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 DOWN since Jan 17th, 2022 at 1777.2384
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).