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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2025.

US Dollar/Macedonian Denar (FOREX:USDMKD)

Weak Uptrend (+65) - USDMKD is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_USDMKD
Open High Low USDMKD Price Change
59.118862 59.217237 59.118862 59.217237 +0.098375
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term up The long-term trend has been UP since Nov 6th, 2024 at 57.193380

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2024 at 57.193380

short term down The short-term trend has been DOWN since Jan 15th, 2025 at 59.679562

Smart Scan Analysis for USDMKD

Based on our trend formula, USDMKD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.118862 59.217237 59.118862 59.217237 +0.098375
Prev. Close Volume Bid Ask Time
59.118862 2025-01-23 10:31:50
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