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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.

FOREX_ZARMMK
Open High Low ZARMMK Price Change
110.72184 111.00160 110.72184 111.00160 +0.27976
Entry Signal

MarketClub’s Trade Triangles for ZARMMK

long term up The long-term trend has been UP since Jul 20th, 2023 at 117.25296

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2023 at 111.24723

short term down 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).

-70
Smart Scan Analysis for ZARMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
110.72184 111.00160 110.72184 111.00160 +0.27976
Prev. Close Volume Bid Ask Time
110.72184 2023-12-06 17:15:15
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