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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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
0.01886896 0.01886896 0.01886896 0.01886896 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 0.01910554

intermediate term up The intermediate-term trend has been UP since Oct 25th, 2021 at 0.01890744

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 0.01889851

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
0.01886896 0.01886896 0.01886896 0.01886896 0.00000000
Prev. Close Volume Bid Ask Time
0.01886896 2021-10-26 07:16:42
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