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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.
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MarketClub’s Trade Triangles for ZARMMK
The long-term trend has been DOWN since Jun 14th, 2022 at 115.53231
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 118.52298
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).
| 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 |