Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Strong Downtrend (-100) - MMKGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Sep 6th, 2021 at 0.00043936
The short-term trend has been DOWN since Oct 6th, 2021 at 0.00038987
Smart Scan Analysis for MMKGBP
Based on our trend formula, MMKGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).