Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
South African Rand/Myanmar Kyat (FOREX:ZARMMK)
Weak Downtrend (-65) - ZARMMK is showing signs of a strengthening downtrend. Monitor ZARMMK as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for ZARMMK
The long-term trend has been UP since Jul 20th, 2023 at 117.25296
The intermediate-term trend has been DOWN since Dec 6th, 2023 at 111.24723
The short-term trend has been DOWN since Nov 12th, 2023 at 112.84159
Smart Scan Analysis for ZARMMK
Based on our trend formula, ZARMMK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).