Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
US Dollar/Myanmar Kyat (FOREX:USDMMK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 USDMMK
The long term trend has been UP since Sep 5th, 2019 at 1533.75
The intermediate term trend has been DOWN since Sep 23rd, 2019 at 1523.75
The short term trend has been DOWN since Oct 10th, 2019 at 1530.50
Smart Scan Analysis for USDMMK
Based on a pre-defined weighted trend formula for chart analysis, USDMMK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).