Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Euro/Myanmar Kyat (FOREX:EURMMK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURMMK
The long term trend has been UP since Jun 27th, 2018 at 1636.9150
The intermediate term trend has been UP since Jun 24th, 2018 at 1614.0511
The short term trend has been UP since Jun 24th, 2018 at 1614.0511
Smart Scan Analysis for EURMMK
Based on a pre-defined weighted trend formula for chart analysis, EURMMK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).