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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

Myanmar Kyat/US Dollar (FOREX:MMKUSD)

Bear Market Rally (-75) - MMKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MMKUSD as it may be in the beginning of a reversal.

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
0.00054029 0.00054029 0.00054029 0.00054029 0.00000000
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 Jun 8th, 2022 at 0.00054010

short term up The short-term trend has been UP since Jun 30th, 2022 at 0.00054028

Smart Scan Analysis for MMKUSD

Based on our trend formula, MMKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MMKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00054029 0.00054029 0.00054029 0.00054029 0.00000000
Prev. Close Volume Bid Ask Time
0.00054029 2022-06-30 07:21:51
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