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Forex Trend Analysis Report

Prepared for you on Tuesday, February 20, 2018.

US Dollar/Macedonian Denar (FOREX:USDMKD)

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.

Open High Low USDMKD Price Change
49.8055 49.9450 49.6950 49.8650 +0.0595
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term down The long term trend has been DOWN since Jan 2nd, 2018 at 51.2835

intermediate term down The intermediate term trend has been DOWN since Nov 22nd, 2017 at 52.1050

short term up The short term trend has been UP since Feb 20th, 2018 at 49.8035

Smart Scan Analysis for USDMKD

Based on a pre-defined weighted trend formula for chart analysis, USDMKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.8055 49.9450 49.6950 49.8650 +0.0595
Prev. Close Volume Bid Ask Time
49.8055 49.5150 50.2150 2018-02-20 06:44:28
Want to analyze US Dollar/Macedonian Denar USDMKD or another symbol? Try our Free Forex Trend Analysis Report.