Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
Euro/Myanmar Kyat (FOREX:EURMMK)
Strong Downtrend (-100) - EURMMK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMMK continues to fall. 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 Jan 27th, 2022 at 2003.8530
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 1974.7451
The short-term trend has been DOWN since Jun 10th, 2022 at 1980.2719
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).