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.
MarketClub’s Trade Triangles for GBPMMK
The long-term trend has been DOWN since Feb 4th, 2020 at 1905.8095
The intermediate-term trend has been DOWN since May 4th, 2020 at 1756.8383
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).