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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.

FOREX_EURMMK
Open High Low EURMMK Price Change
1695.2 1695.2 1695.2 1695.2 0.0
Entry Signal

MarketClub’s Trade Triangles for EURMMK

long term down The long term trend has been DOWN since Dec 4th, 2018 at 1750.8

intermediate term up The intermediate term trend has been UP since Sep 5th, 2019 at 1692.0

short term down 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).

-65
Smart Scan Analysis for EURMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1695.2 1695.2 1695.2 1695.2 0.0
Prev. Close Volume Bid Ask Time
1698 1673.2 1717.2 2019-09-18 20:37:17
Want to analyze Euro/Myanmar Kyat EURMMK or another symbol? Try our Free Forex Trend Analysis Report.