Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 USDMKD
The long term trend has been DOWN since Dec 29th, 2019 at 55.018411
The intermediate term trend has been UP since Jan 20th, 2020 at 55.506509
The short term trend has been UP since Jan 2nd, 2020 at 55.098501
Smart Scan Analysis for USDMKD
Based on a pre-defined weighted trend formula for chart analysis, USDMKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).