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.
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 Dec 28th, 2017 at 61.518
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).