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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.

FOREX_ZARMMK
Open High Low ZARMMK Price Change
111.48561 111.48849 111.29720 111.48849 +0.00288
Entry Signal

MarketClub’s Trade Triangles for ZARMMK

long term up The long-term trend has been UP since Nov 11th, 2020 at 81.92319

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2021 at 94.87427

short term up 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).

+80
Smart Scan Analysis for ZARMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
111.48561 111.48849 111.29720 111.48849 +0.00288
Prev. Close Volume Bid Ask Time
111.48561 2021-05-11 20:34:46
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