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.
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 DOWN since Jul 3rd, 2017 at 61.520
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).