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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.

FOREX_EURMKD
Open High Low EURMKD Price Change
61.352 61.698 61.263 61.650 +0.298
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long term trend has been DOWN since Oct 15th, 2018 at 61.501

intermediate term down The intermediate term trend has been DOWN since Oct 15th, 2018 at 61.528

short term up 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).

-55
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.352 61.698 61.263 61.650 +0.298
Prev. Close Volume Bid Ask Time
61.352 61.200 62.100 2018-10-19 17:08:58
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.