Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 USDMKD
The long term trend has been UP since May 2nd, 2018 at 51.095
The intermediate term trend has been UP since Apr 23rd, 2018 at 50.357
The short term trend has been UP since Aug 9th, 2018 at 53.387
Smart Scan Analysis for USDMKD
Based on a pre-defined weighted trend formula for chart analysis, USDMKD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).