Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
South African Rand/Myanmar Kyat (FOREX:ZARMMK)
Bull Market Weakness (+75) - ZARMMK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMMK as it may be in the beginning stages of a reversal.
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 Sep 13th, 2021 at 122.12610
The intermediate-term trend has been UP since Sep 3rd, 2021 at 111.57597
The short-term trend has been UP since Oct 6th, 2021 at 125.44109
Smart Scan Analysis for ZARMMK
Based on our trend formula, ZARMMK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).