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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

South African Rand/Myanmar Kyat (FOREX:ZARMMK)

Strong Downtrend (-100) - ZARMMK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARMMK continues to fall. Traders should use caution and set stops.

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
115.70795 115.70795 115.70795 115.70795 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARMMK

long term down The long-term trend has been DOWN since Jun 14th, 2022 at 115.53231

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 118.52298

short term down The short-term trend has been DOWN since Jun 10th, 2022 at 119.05434

Smart Scan Analysis for ZARMMK

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

-100
Smart Scan Analysis for ZARMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
115.70795 115.70795 115.70795 115.70795 0.00000
Prev. Close Volume Bid Ask Time
115.70795 2022-06-28 21:10:05
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