Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Euro/Myanmar Kyat (FOREX:EURMMK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 4th, 2018 at 1750.8000
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 1660.3275
The short term trend has been DOWN since Jan 21st, 2020 at 1629.5839
Smart Scan Analysis for EURMMK
Based on a pre-defined weighted trend formula for chart analysis, EURMMK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).