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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Macedonian Denar/Euro (FOREX:MKDEUR)

Countertrend Down (-85) - MKDEUR 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 MKDEUR?

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

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

FOREX_MKDEUR
Open High Low MKDEUR Price Change
0.01623068 0.01623068 0.01623068 0.01623068 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDEUR

long term down The long-term trend has been DOWN since Sep 29th, 2021 at 0.01622805

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.01623068

short term up The short-term trend has been UP since Jan 13th, 2022 at 0.01623068

Smart Scan Analysis for MKDEUR

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

-85
Smart Scan Analysis for MKDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01623068 0.01623068 0.01623068 0.01623068 0.00000000
Prev. Close Volume Bid Ask Time
0.01622673 2022-01-17 18:01:12
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