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Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Bull Market Weakness (+75) - USDMKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMKD as it may be in the beginning stages of a reversal.
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 Sep 14th, 2023 at 57.751159
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 57.825447
The short-term trend has been UP since Dec 3rd, 2023 at 56.570859
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 57.065721 | 57.093482 | 57.065721 | 57.093482 | +0.027761 |
| Prev. Close | Volume | Bid | Ask | Time |
| 57.065721 | 2023-12-05 21:38:49 |