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Forex Trend Analysis Report

Prepared for you on Saturday, July 13, 2024.

Euro/Macedonian Denar (FOREX:EURMKD)

Countertrend Down (-85) - EURMKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
61.525 61.615 61.525 61.525 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 up The short-term trend has been UP since Jul 4th, 2024 at 61.535

Smart Scan Analysis for EURMKD

Based on our trend formula, EURMKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.525 61.615 61.525 61.525 0.000
Prev. Close Volume Bid Ask Time
61.525 2024-07-12 16:19:38
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