Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

South African Rand/Myanmar Kyat (FOREX:ZARMMK)

Long-Term Downtrend (-90) - ZARMMK is in a strong downtrend that is likely to continue. While ZARMMK is showing intraday strength, it remains in the confines of a bearish trend. 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
113.25963 113.25963 113.25963 113.25963 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARMMK

long term down The long-term trend has been DOWN since Mar 6th, 2023 at 115.12442

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2023 at 123.19810

short term down The short-term trend has been DOWN since Feb 1st, 2023 at 121.78595

Smart Scan Analysis for ZARMMK

Based on our trend formula, ZARMMK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
113.25963 113.25963 113.25963 113.25963 0.00000
Prev. Close Volume Bid Ask Time
113.25963 2023-03-18 03:55:53
Get a free daily analysis and signals for South African Rand/Myanmar Kyat (ZARMMK) - Request Your Free Report.