Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Myanmar Kyat/British Pound (FOREX:MMKGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 DOWN since Oct 17th, 2019 at 0.00052000
The intermediate term trend has been UP since Dec 22nd, 2019 at 0.00051216
The short term trend has been UP since Jan 2nd, 2020 at 0.00051576
Smart Scan Analysis for MMKGBP
Based on a pre-defined weighted trend formula for chart analysis, MMKGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).