Forex Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Sidelines Mode (+50) - MMKGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MMKGBP can gain momentum.
Is it time to buy, sell, or avoid MMKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MMKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MMKGBP
The long-term trend has been DOWN since Dec 2nd, 2020 at 0.00056811
The intermediate-term trend has been UP since Jun 6th, 2021 at 0.00042909
The short-term trend has been UP since Jun 6th, 2021 at 0.00042909
Smart Scan Analysis for MMKGBP
Based on our trend formula, MMKGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).