Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
South African Rand/Myanmar Kyat (FOREX:ZARMMK)
Weak Downtrend (-65) - ZARMMK is showing signs of a strengthening downtrend. Monitor ZARMMK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARMMK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMMK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMMK
The long-term trend has been UP since Sep 13th, 2021 at 122.12610
The intermediate-term trend has been DOWN since Oct 27th, 2021 at 125.28033
The short-term trend has been DOWN since Oct 25th, 2021 at 129.17771
Smart Scan Analysis for ZARMMK
Based on our trend formula, ZARMMK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).