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.
MarketClub’s Trade Triangles for USDMMK
The long-term trend has been DOWN since Nov 28th, 2019 at 1508.5500
The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 1499.2348
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).