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.
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 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).