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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Countertrend Up (+85) - USDMKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDMKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDMKD
The long-term trend has been UP since Nov 6th, 2024 at 57.193380
The intermediate-term trend has been UP since Nov 6th, 2024 at 57.193380
The short-term trend has been DOWN since Nov 19th, 2024 at 58.050941
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.105492 | 58.105492 | 58.105492 | 58.105492 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.105492 | 2024-11-20 01:29:25 |