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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Euro/Macedonian Denar (FOREX:EURMKD)

Bear Market Rally (-75) - EURMKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMKD as it may be in the beginning of a reversal.

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 61.615 61.525 61.525 -0.090
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long-term trend has been DOWN since Jun 13th, 2022 at 61.615

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 61.615

short term up The short-term trend has been UP since Aug 15th, 2022 at 61.525

Smart Scan Analysis for EURMKD

Based on our trend formula, EURMKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.615 61.615 61.525 61.525 -0.090
Prev. Close Volume Bid Ask Time
61.615 2022-08-15 05:46:05
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