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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Euro/Macedonian Denar (FOREX:EURMKD)

Strong Downtrend (-100) - EURMKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMKD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURMKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMKD
Open High Low EURMKD Price Change
61.505 61.515 61.505 61.505 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long-term trend has been DOWN since Mar 15th, 2024 at 61.515

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 61.615

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 61.615

Smart Scan Analysis for EURMKD

Based on our trend formula, EURMKD is rated as a -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
61.505 61.515 61.505 61.505 0.000
Prev. Close Volume Bid Ask Time
61.505 2024-03-19 01:22:18
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