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Forex Trend Analysis Report

Prepared for you on Sunday, August 20, 2017.

Euro/Macedonian Denar (FOREX:EURMKD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
61.579 61.579 61.569 61.569 -0.010
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 Jul 3rd, 2017 at 61.520

short term down The short term trend has been DOWN since Aug 17th, 2017 at 61.551

Smart Scan Analysis for EURMKD

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

-100
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.579 61.579 61.569 61.569 -0.010
Prev. Close Volume Bid Ask Time
61.579 61.119 62.019 2017-08-18 06:25:59
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.