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Forex Trend Analysis Report

Prepared for you on Thursday, August 5, 2021.

Myanmar Kyat/US Dollar (FOREX:MMKUSD)

Strong Downtrend (-100) - MMKUSD 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 MMKUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MMKUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MMKUSD
Open High Low MMKUSD Price Change
0.0006064 0.0006064 0.0006064 0.0006064 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MMKUSD

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 0.00075818

intermediate term down The intermediate-term trend has been DOWN since Aug 4th, 2021 at 0.00060693

short term down The short-term trend has been DOWN since Aug 4th, 2021 at 0.00060751

Smart Scan Analysis for MMKUSD

Based on our trend formula, MMKUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MMKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0006064 0.0006064 0.0006064 0.0006064 0.0000000
Prev. Close Volume Bid Ask Time
0.0006075 2021-08-04 21:06:07
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