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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

US Dollar/Myanmar Kyat (FOREX:USDMMK)

Strong Uptrend (+100) - USDMMK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMMK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
2608.9812 2613.8440 2608.9812 2613.8440 +4.8628
Entry Signal

MarketClub’s Trade Triangles for USDMMK

long term up The long-term trend has been UP since Apr 10th, 2024 at 2102.9696

intermediate term up The intermediate-term trend has been UP since May 23rd, 2024 at 2105.2189

short term up The short-term trend has been UP since Jun 13th, 2024 at 3016.3462

Smart Scan Analysis for USDMMK

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

+100
Smart Scan Analysis for USDMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2608.9812 2613.8440 2608.9812 2613.8440 +4.8628
Prev. Close Volume Bid Ask Time
3254.8883 2024-06-16 21:00:27
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