Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
US Dollar/Myanmar Kyat (FOREX:USDMMK)
Long-Term Downtrend (-90) - USDMMK is in a strong downtrend that is likely to continue. While USDMMK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDMMK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMMK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMMK
The long-term trend has been DOWN since Nov 6th, 2022 at 2079.8947
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 2099.5408
The short-term trend has been DOWN since Mar 17th, 2023 at 2099.5408
Smart Scan Analysis for USDMMK
Based on our trend formula, USDMMK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).