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Forex Trend Analysis Report

Prepared for you on Sunday, July 3, 2022.

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.

FOREX_USDMKD
Open High Low USDMKD Price Change
58.204232 58.226927 58.204232 58.226927 +0.022695
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term up The long-term trend has been UP since Aug 9th, 2021 at 52.343634

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 58.229810

short term down The short-term trend has been DOWN since Jun 21st, 2022 at 58.541358

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).

+85
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.204232 58.226927 58.204232 58.226927 +0.022695
Prev. Close Volume Bid Ask Time
58.784245 2022-06-27 18:00:15
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