Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Euro/Myanmar Kyat (FOREX:EURMMK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 1636.915
The intermediate term trend has been UP since Aug 20th, 2018 at 1711.100
The short term trend has been UP since Sep 6th, 2018 at 1789.000
Smart Scan Analysis for EURMMK
Based on a pre-defined weighted trend formula for chart analysis, EURMMK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).