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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

US Dollar/Macedonian Denar (FOREX:USDMKD)

Long-Term Downtrend (-90) - USDMKD is in a strong downtrend that is likely to continue. While USDMKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_USDMKD
Open High Low USDMKD Price Change
52.428482 52.428482 52.428482 52.428482 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term down The long-term trend has been DOWN since Jul 16th, 2020 at 54.210010

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2020 at 54.403059

short term down The short-term trend has been DOWN since Jul 6th, 2020 at 54.765481

Smart Scan Analysis for USDMKD

Based on our trend formula, USDMKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.428482 52.428482 52.428482 52.428482 0.000000
Prev. Close Volume Bid Ask Time
52.430489 52.045574 52.811389 2020-07-29 04:35:16
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