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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.

FOREX_USDMKD
Open High Low USDMKD Price Change
55.374725 55.374725 55.374725 55.374725 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term down The long term trend has been DOWN since Dec 29th, 2019 at 55.018411

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 55.506509

short term up 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).

+60
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.374725 55.374725 55.374725 55.374725 0.000000
Prev. Close Volume Bid Ask Time
55.374725 54.474323 56.275127 2020-01-21 07:17:50
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