Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPMMK
The long term trend has been DOWN since Dec 4th, 2018 at 1972.40
The intermediate term trend has been UP since May 13th, 2019 at 1995.65
The short term trend has been DOWN since May 15th, 2019 at 1986.45
Smart Scan Analysis for GBPMMK
Based on a pre-defined weighted trend formula for chart analysis, GBPMMK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).