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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.

FOREX_EURMMK
Open High Low EURMMK Price Change
1618.9299 1618.9299 1618.9299 1618.9299 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMMK

long term down The long term trend has been DOWN since Dec 4th, 2018 at 1750.8000

intermediate term down The intermediate term trend has been DOWN since Dec 23rd, 2019 at 1660.3275

short term down 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).

-100
Smart Scan Analysis for EURMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1618.9299 1618.9299 1618.9299 1618.9299 0.0000
Prev. Close Volume Bid Ask Time
1618.9299 1596.9299 1640.9299 2020-01-24 07:16:11
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