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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Macedonian Denar/US Dollar (FOREX:MKDUSD)

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

Is it time to buy, sell, or avoid MKDUSD?

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

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

FOREX_MKDUSD
Open High Low MKDUSD Price Change
0.01736540 0.01736790 0.01736321 0.01736790 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 0.01736034

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.01758667

short term up The short-term trend has been UP since Apr 23rd, 2024 at 0.01735728

Smart Scan Analysis for MKDUSD

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

-75
Smart Scan Analysis for MKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01736540 0.01736790 0.01736321 0.01736790 +0.00000200
Prev. Close Volume Bid Ask Time
0.01736540 2024-04-24 06:57:40
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