Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Euro/Macedonian Denar (FOREX:EURMKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Jul 3rd, 2019 at 61.131
The intermediate term trend has been DOWN since Aug 23rd, 2019 at 61.485
The short term trend has been UP since Nov 4th, 2019 at 61.525
Smart Scan Analysis for EURMKD
Based on a pre-defined weighted trend formula for chart analysis, EURMKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).