Analyze Symbol

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.

Open High Low EURMKD Price Change
61.615 61.615 61.485 61.525 -0.090
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 Aug 23rd, 2019 at 61.485

short term up 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).

Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.615 61.615 61.485 61.525 -0.090
Prev. Close Volume Bid Ask Time
61.615 61.075 61.975 2019-12-06 06:00:17
Want to analyze Euro/Macedonian Denar EURMKD or another symbol? Try our Free Forex Trend Analysis Report.