Forex Trend Analysis Report
Prepared for you on Thursday, January 24, 2019.
US Dollar/Myanmar Kyat (FOREX:USDMMK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 DOWN since Jan 9th, 2019 at 1522.7
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 1582.3
The short term trend has been UP since Jan 20th, 2019 at 1535.7
Smart Scan Analysis for USDMMK
Based on a pre-defined weighted trend formula for chart analysis, USDMMK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).