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Forex Trend Analysis Report

Prepared for you on Monday, November 29, 2021.

US Dollar/Myanmar Kyat (FOREX:USDMMK)

Sidelines Mode (+55) - USDMMK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1791.0356 1791.0356 1791.0356 1791.0356 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term up The long-term trend has been UP since Dec 2nd, 2020 at 1319.2093

intermediate term down The intermediate-term trend has been DOWN since Oct 25th, 2021 at 1871.4383

short term up The short-term trend has been UP since Nov 22nd, 2021 at 1779.0672

Smart Scan Analysis for USDMMK

Based on our trend formula, USDMMK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1791.0356 1791.0356 1791.0356 1791.0356 0.0000
Prev. Close Volume Bid Ask Time
1791.0356 2021-11-29 07:26:10
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