Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South African Rand/Myanmar Kyat (FOREX:ZARMMK)
Long-Term Uptrend (+90) - ZARMMK is in a strong uptrend that is likely to continue. While ZARMMK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Feb 2nd, 2021 at 89.99242
The short-term trend has been UP since Feb 23rd, 2021 at 96.47992
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).