Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for MMKGBP
The long term trend has been UP since Dec 4th, 2018 at 0.000507
The intermediate term trend has been UP since May 22nd, 2019 at 0.000509
The short term trend has been DOWN since Jul 19th, 2019 at 0.000527
Smart Scan Analysis for MMKGBP
Based on a pre-defined weighted trend formula for chart analysis, MMKGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).