Analyze Symbol

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.

Open High Low GBPMMK Price Change
1973.2 1973.2 1973.2 1973.2 0.0
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term down The long term trend has been DOWN since Dec 4th, 2018 at 1972.40

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 1995.65

short term down 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).

Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1973.2 1973.2 1973.2 1973.2 0.0
Prev. Close Volume Bid Ask Time
1955.25 1948.0 1998.4 2019-05-16 09:07:35
Want to analyze British Pound/Myanmar Kyat GBPMMK or another symbol? Try our Free Forex Trend Analysis Report.