Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
Euro/Macedonian Denar (FOREX:EURMKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 EURMKD
The long term trend has been DOWN since Jul 4th, 2017 at 61.317
The intermediate term trend has been UP since Oct 17th, 2017 at 61.587
The short term trend has been DOWN since Oct 18th, 2017 at 61.570
Smart Scan Analysis for EURMKD
Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).