Long
U.S. DOLLAR / BURMESE KYAT
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Long
USD/MMK (Need Stability to Ensure Prosperity)View On USD/MMK (3 FEB 2021)
Due to the current uncertainties in the country, we shall be witnessing "the capital flight to safety" event.
MMK shall devalue pretty quickly as the process drags on.
It should "easily" go to 1440 region soon and 1500 is next.
Whatever method you use if you do no
Long
Eco/monetary news n°27: The FUD is more than just FUD> After 3 months of election fraud suspicions/allegations Myanmar military arrested the state leader & president
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2021 off to a good start. Unsurprisingly it has begun.
After winning the general elections with 80% of the votes (not counting the fixed 25% the military get) t
USD/MMK (FDI will make MM Kyat stronger)View On USD/MMK (18 MARCH 2020)
Myanmar Kyat (MMK) is depreciation against the Greenback (USD) for years now but recently the trend started to reverse due to massive FDI (Foreign Direct Investment) fund inflow to the country.
Unfortunately, the reversing trend gets stalled as the USD climbed back
Short
USDMMK TRADING IDEA USDMMK is in down trend since 2019. has huge parbolic downside move and break through multi major support recently .now bouncing back from major support 1294 price level.even though price is still in down trend, we can expect dollar to go back 1373 price level soon.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.