Forex Trend Analysis Report
Prepared for you on Sunday, September 26, 2021.
British Pound/Myanmar Kyat (FOREX:GBPMMK)
Countertrend Up (+85) - GBPMMK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 2nd, 2020 at 1760.5517
The intermediate-term trend has been UP since Sep 6th, 2021 at 2276.3452
The short-term trend has been UP since Sep 3rd, 2021 at 2261.2494
Smart Scan Analysis for GBPMMK
Based on our trend formula, GBPMMK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).