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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Euro/Macedonian Denar (FOREX:EURMKD)

Crossroads (+60) - EURMKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
61.615 61.620 61.515 61.615 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long-term trend has been DOWN since May 3rd, 2023 at 61.610

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2023 at 61.615

short term up The short-term trend has been UP since Dec 11th, 2023 at 61.615

Smart Scan Analysis for EURMKD

Based on our trend formula, EURMKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.615 61.620 61.515 61.615 0.000
Prev. Close Volume Bid Ask Time
61.615 2023-12-11 10:17:28
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