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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

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.

FOREX_USDMMK
Open High Low USDMMK Price Change
1450.7917 1450.7917 1450.7917 1450.7917 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term down The long-term trend has been DOWN since Nov 28th, 2019 at 1508.5500

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 1499.2348

short term down The short-term trend has been DOWN since Jan 21st, 2020 at 1465.4532

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).

-90
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1450.7917 1450.7917 1450.7917 1450.7917 0.0000
Prev. Close Volume Bid Ask Time
1450.7917 1430.4084 1471.1750 2020-02-19 07:21:16
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