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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Euro/Myanmar Kyat (FOREX:EURMMK)

Sidelines Mode (-55) - EURMMK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_EURMMK
Open High Low EURMMK Price Change
2276.6 2276.6 2276.6 2276.6 0.0
Entry Signal

MarketClub’s Trade Triangles for EURMMK

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 2248.6

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 2252.9

short term down The short-term trend has been DOWN since May 24th, 2024 at 2277.5

Smart Scan Analysis for EURMMK

Based on our trend formula, EURMMK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURMMK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2276.6 2276.6 2276.6 2276.6 0.0
Prev. Close Volume Bid Ask Time
2276.6 2024-05-25 06:03:51
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