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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

Euro/Macedonian Denar (FOREX:EURMKD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_EURMKD
Open High Low EURMKD Price Change
61.566 61.577 61.566 61.577 +0.011
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term up The long term trend has been UP since Feb 12th, 2018 at 61.758

intermediate term down The intermediate term trend has been DOWN since Apr 20th, 2018 at 61.535

short term down The short term trend has been DOWN since May 14th, 2018 at 61.559

Smart Scan Analysis for EURMKD

Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.566 61.577 61.566 61.577 +0.011
Prev. Close Volume Bid Ask Time
61.566 61.127 62.027 2018-05-22 03:12:25
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.