Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Euro/Macedonian Denar (FOREX:EURMKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 Oct 15th, 2018 at 61.501
The intermediate term trend has been DOWN since Oct 15th, 2018 at 61.528
The short term trend has been UP since Oct 19th, 2018 at 61.580
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).