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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

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, SHORTSYMBOL 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.

FOREX_EURMMK
Open High Low EURMMK Price Change
1565.8612 1565.8612 1565.8612 1565.8612 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMMK

long term down The long-term trend has been DOWN since Dec 4th, 2018 at 1750.8000

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 1660.3275

short term down The short-term trend has been DOWN since Feb 4th, 2020 at 1613.7746

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).

-100
Smart Scan Analysis for EURMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1565.8612 1565.8612 1565.8612 1565.8612 0.0000
Prev. Close Volume Bid Ask Time
1565.8612 1543.8612 1587.8612 2020-02-19 07:21:16
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