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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
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 Apr 12th, 2024 at 57.605647
The intermediate-term trend has been UP since Mar 27th, 2024 at 56.864274
The short-term trend has been DOWN since Apr 18th, 2024 at 57.725491
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 |
|---|---|---|---|---|
| 57.615807 | 57.727081 | 57.615807 | 57.662763 | +0.046956 |
| Prev. Close | Volume | Bid | Ask | Time |
| 57.743311 | 2024-04-18 07:22:05 |