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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Myanmar Kyat (FOREX:GBPMMK)

Bear Market Rally (-75) - GBPMMK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMMK as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPMMK?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMMK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMMK
Open High Low GBPMMK Price Change
1731.5653 1731.5653 1731.5653 1731.5653 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term down The long-term trend has been DOWN since Feb 4th, 2020 at 1905.8095

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 1756.8383

short term up The short-term trend has been UP since Jun 1st, 2020 at 1724.3276

Smart Scan Analysis for GBPMMK

Based on our trend formula, GBPMMK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1731.5653 1731.5653 1731.5653 1731.5653 0.0000
Prev. Close Volume Bid Ask Time
1731.5653 1707.0387 1756.0919 2020-06-01 07:17:51
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