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.
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MarketClub’s Trade Triangles for GBPMMK
The long-term trend has been UP since Dec 17th, 2023 at 2649.2546
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 2666.5107
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).
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 |