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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

Euro/Macedonian Denar (FOREX:EURMKD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
61.225 61.225 60.982 60.982 -0.243
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 Jul 3rd, 2019 at 61.131

short term down The short term trend has been DOWN since Jul 11th, 2019 at 61.509

Smart Scan Analysis for EURMKD

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

-100
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.225 61.225 60.982 60.982 -0.243
Prev. Close Volume Bid Ask Time
61.225 60.532 61.432 2019-07-23 12:07:28
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.