Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Euro/Myanmar Kyat (FOREX:EURMMK)
Crossroads (-60) - EURMMK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 9th, 2022 at 1984.7432
The intermediate-term trend has been DOWN since Feb 7th, 2023 at 2271.0783
The short-term trend has been DOWN since Feb 7th, 2023 at 2273.2292
Smart Scan Analysis for EURMMK
Based on our trend formula, EURMMK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).