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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/Myanmar Kyat (FOREX:USDMMK)

Long-Term Uptrend (+90) - USDMMK is in a strong uptrend that is likely to continue. While USDMMK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1409.5047 1409.5047 1409.5047 1409.5047 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 up The intermediate-term trend has been UP since Feb 2nd, 2021 at 1334.1440

short term up The short-term trend has been UP since Feb 16th, 2021 at 1410.2157

Smart Scan Analysis for USDMMK

Based on our trend formula, USDMMK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1409.5047 1409.5047 1409.5047 1409.5047 0.0000
Prev. Close Volume Bid Ask Time
1409.5047 2021-02-25 07:31:42
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