Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Euro/Myanmar Kyat (FOREX:EURMMK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURMMK
The long term trend has been DOWN since Dec 4th, 2018 at 1750.8
The intermediate term trend has been UP since Sep 5th, 2019 at 1692.0
The short term trend has been DOWN since Sep 16th, 2019 at 1686.1
Smart Scan Analysis for EURMMK
Based on a pre-defined weighted trend formula for chart analysis, EURMMK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).