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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Long-Term Uptrend (+90) - USDMKD is in a strong uptrend that is likely to continue. While USDMKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 UP since Dec 10th, 2024 at 58.437488
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 59.193882 | 59.205273 | 59.162012 | 59.205273 | +0.011391 |
| Prev. Close | Volume | Bid | Ask | Time |
| 59.093310 | 2024-12-24 15:04:03 |