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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.

FOREX_GBPMMK
Open High Low GBPMMK Price Change
2552.4751 2552.4751 2552.4751 2552.4751 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMMK

long term up The long-term trend has been UP since Dec 2nd, 2020 at 1760.5517

intermediate term up The intermediate-term trend has been UP since Sep 6th, 2021 at 2276.3452

short term up 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).

+80
Smart Scan Analysis for GBPMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2552.4751 2552.4751 2552.4751 2552.4751 0.0000
Prev. Close Volume Bid Ask Time
2552.4751 2021-09-23 21:08:22
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