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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.
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MarketClub’s Trade Triangles for USDMKD
The long-term trend has been UP since Aug 9th, 2021 at 52.343634
The intermediate-term trend has been UP since Sep 21st, 2021 at 52.394599
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).
| 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 |