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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

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.

FOREX_USDMKD
Open High Low USDMKD Price Change
53.211564 53.211564 53.081263 53.081263 -0.130301
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 Sep 21st, 2021 at 52.394599

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 53.217539

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).

+75
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.211564 53.211564 53.081263 53.081263 -0.130301
Prev. Close Volume Bid Ask Time
52.847359 2021-10-18 18:00:15
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