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.
MarketClub’s Trade Triangles for EURMKD
The long term trend has been DOWN since Jul 3rd, 2019 at 61.131
The intermediate term trend has been DOWN since Aug 23rd, 2019 at 61.485
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).