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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.
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MarketClub’s Trade Triangles for ZARMMK
The long-term trend has been DOWN since Mar 6th, 2023 at 115.12442
The intermediate-term trend has been DOWN since Jan 17th, 2023 at 123.19810
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).
| 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 |