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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.

FOREX_USDMMK
Open High Low USDMMK Price Change
1530.5278 1530.5278 1530.5278 1530.5278 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term up The long term trend has been UP since Sep 5th, 2019 at 1533.75

intermediate term down The intermediate term trend has been DOWN since Sep 23rd, 2019 at 1523.75

short term down 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).

-60
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1530.5278 1530.5278 1530.5278 1530.5278 0.0000
Prev. Close Volume Bid Ask Time
1530.5278 1510.5912 1550.4643 2019-10-13 05:35:51
Want to analyze US Dollar/Myanmar Kyat USDMMK or another symbol? Try our Free Forex Trend Analysis Report.