Forex Trend Analysis Report
Prepared for you on Friday, May 14, 2021.
South African Rand/Myanmar Kyat (FOREX:ZARMMK)
Countertrend Up (+85) - ZARMMK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 11th, 2020 at 81.92319
The intermediate-term trend has been UP since Apr 1st, 2021 at 94.87427
The short-term trend has been UP since Mar 15th, 2021 at 92.16371
Smart Scan Analysis for ZARMMK
Based on our trend formula, ZARMMK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).