Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Euro/Macedonian Denar (FOREX:EURMKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for EURMKD
The long term trend has been UP since Feb 12th, 2018 at 61.758
The intermediate term trend has been UP since Mar 16th, 2018 at 61.684
The short term trend has been UP since Mar 14th, 2018 at 61.680
Smart Scan Analysis for EURMKD
Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).