Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Euro/Macedonian Denar (FOREX:EURMKD)
Sidelines Mode (+50) - EURMKD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURMKD can gain momentum.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURMKD
The long-term trend has been DOWN since Mar 15th, 2024 at 61.515
The intermediate-term trend has been UP since Jul 15th, 2024 at 61.615
The short-term trend has been UP since Sep 6th, 2024 at 61.615
Smart Scan Analysis for EURMKD
Based on our trend formula, EURMKD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.525 | 61.535 | 61.525 | 61.535 | +0.010 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.525 | 2024-11-21 06:50:10 |