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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

US Dollar/Macedonian Denar (FOREX:USDMKD)

Strong Uptrend (+100) - USDMKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
57.490540 57.490540 57.485869 57.490540 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term up The long-term trend has been UP since Apr 12th, 2024 at 57.605647

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 57.032443

short term up The short-term trend has been UP since Jun 14th, 2024 at 57.402235

Smart Scan Analysis for USDMKD

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

+100
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.490540 57.490540 57.485869 57.490540 0.000000
Prev. Close Volume Bid Ask Time
57.490540 2024-06-22 16:44:14
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