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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Euro/Myanmar Kyat (FOREX:EURMMK)

Long-Term Downtrend (-90) - EURMMK is in a strong downtrend that is likely to continue. While EURMMK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURMMK
Open High Low EURMMK Price Change
1539.6043 1539.6043 1539.6043 1539.6043 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 Mar 6th, 2020 at 1565.8612

Smart Scan Analysis for EURMMK

Based on our trend formula, EURMMK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1539.6043 1539.6043 1539.6043 1539.6043 0.0000
Prev. Close Volume Bid Ask Time
1564.4378 1517.6043 1561.6043 2020-04-06 21:07:43
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