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Forex Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

South African Rand/Myanmar Kyat (FOREX:ZARMMK)

Countertrend Up (+85) - ZARMMK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid ZARMMK?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMMK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARMMK
Open High Low ZARMMK Price Change
83.17577 83.17577 83.17577 83.17577 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARMMK

long term up The long-term trend has been UP since May 20th, 2020 at 77.95687

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 77.95687

short term up The short-term trend has been UP since May 19th, 2020 at 76.86855

Smart Scan Analysis for ZARMMK

Based on our trend formula, ZARMMK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ZARMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
83.17577 83.17577 83.17577 83.17577 0.00000
Prev. Close Volume Bid Ask Time
83.17577 82.02363 84.32791 2020-06-05 07:16:09
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