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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

British Pound/Myanmar Kyat (FOREX:GBPMMK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_GBPMMK
Open High Low GBPMMK Price Change
1879.05 1881.65 1879.05 1881.65 +2.60
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term down The long term trend has been DOWN since Dec 4th, 2018 at 1972.4

intermediate term down The intermediate term trend has been DOWN since May 22nd, 2019 at 1966.7

short term down The short term trend has been DOWN since Jun 17th, 2019 at 1930.1

Smart Scan Analysis for GBPMMK

Based on a pre-defined weighted trend formula for chart analysis, GBPMMK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1879.05 1881.65 1879.05 1881.65 +2.60
Prev. Close Volume Bid Ask Time
1879.05 1857.30 1906.00 2019-07-17 20:59:58
Want to analyze British Pound/Myanmar Kyat GBPMMK or another symbol? Try our Free Forex Trend Analysis Report.