Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Euro/Myanmar Kyat (FOREX:EURMMK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Nov 9th, 2018 at 1798.300
The short term trend has been UP since Nov 13th, 2018 at 1804.700
Smart Scan Analysis for EURMMK
Based on a pre-defined weighted trend formula for chart analysis, EURMMK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).