Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Euro/Myanmar Kyat (FOREX:EURMMK)
Strong Uptrend (+100) - EURMMK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURMMK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 11th, 2020 at 1522.4510
The short-term trend has been UP since Nov 4th, 2020 at 1506.2984
Smart Scan Analysis for EURMMK
Based on our trend formula, EURMMK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).