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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Myanmar Kyat (FOREX:GBPMMK)

Weak Downtrend (-65) - GBPMMK is showing signs of a strengthening downtrend. Monitor GBPMMK as it may be building momentum to the downside.

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
2652.0288 2652.5569 2649.9386 2649.9386 -2.0902
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term up The long-term trend has been UP since Dec 17th, 2023 at 2649.2546

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 2666.5107

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 2677.1285

Smart Scan Analysis for GBPMMK

Based on our trend formula, GBPMMK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2652.0288 2652.5569 2649.9386 2649.9386 -2.0902
Prev. Close Volume Bid Ask Time
2652.0288 2024-03-29 08:19:02
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