Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Euro/Myanmar Kyat (FOREX:EURMMK)
Bull Market Weakness (+75) - EURMMK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURMMK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURMMK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMMK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMMK
The long-term trend has been UP since Dec 1st, 2020 at 1576.3892
The intermediate-term trend has been UP since Sep 3rd, 2021 at 1939.2185
The short-term trend has been UP since Oct 6th, 2021 at 2189.3524
Smart Scan Analysis for EURMMK
Based on our trend formula, EURMMK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).