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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

Euro/Macedonian Denar (FOREX:EURMKD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.

Open High Low EURMKD Price Change
61.542 61.613 61.542 61.613 +0.071
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term up The long term trend has been UP since Jan 30th, 2019 at 62.168

intermediate term down The intermediate term trend has been DOWN since Jun 5th, 2019 at 61.377

short term up The short term trend has been UP since Jun 17th, 2019 at 61.573

Smart Scan Analysis for EURMKD

Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.542 61.613 61.542 61.613 +0.071
Prev. Close Volume Bid Ask Time
61.542 61.163 62.063 2019-06-19 09:56:00
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.