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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Euro/Macedonian Denar (FOREX:EURMKD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_EURMKD
Open High Low EURMKD Price Change
61.50 61.50 61.50 61.50 0.00
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long term trend has been DOWN since Jul 3rd, 2019 at 61.131

intermediate term down The intermediate term trend has been DOWN since Aug 23rd, 2019 at 61.485

short term up The short term trend has been UP since Jan 8th, 2020 at 61.490

Smart Scan Analysis for EURMKD

Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.50 61.50 61.50 61.50 0.00
Prev. Close Volume Bid Ask Time
61.50 61.05 61.95 2020-01-16 18:00:45
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