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.
MarketClub’s Trade Triangles for MMKUSD
The long-term trend has been DOWN since Dec 2nd, 2020 at 0.00075818
The intermediate-term trend has been DOWN since Aug 4th, 2021 at 0.00060693
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).