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Forex Trend Analysis Report

Prepared for you on Wednesday, January 17, 2018.

Euro/Macedonian Denar (FOREX:EURMKD)

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.

Open High Low EURMKD Price Change
61.680 61.680 61.567 61.574 -0.106
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long term trend has been DOWN since Jul 4th, 2017 at 61.317

intermediate term down The intermediate term trend has been DOWN since Dec 28th, 2017 at 61.518

short term up The short term trend has been UP since Jan 11th, 2018 at 61.680

Smart Scan Analysis for EURMKD

Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.680 61.680 61.567 61.574 -0.106
Prev. Close Volume Bid Ask Time
61.680 61.124 62.024 2018-01-17 13:18:00
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.