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.
MarketClub’s Trade Triangles for EURMKD
The long term trend has been UP since Jan 30th, 2019 at 62.168
The intermediate term trend has been DOWN since Jun 5th, 2019 at 61.377
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).