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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Euro/Macedonian Denar (FOREX:EURMKD)

Bear Market Rally (-75) - EURMKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMKD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid EURMKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMKD
Open High Low EURMKD Price Change
61.555 61.555 61.555 61.555 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMKD

long term down The long-term trend has been DOWN since Mar 15th, 2024 at 61.515

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 61.615

short term up The short-term trend has been UP since May 7th, 2024 at 61.555

Smart Scan Analysis for EURMKD

Based on our trend formula, EURMKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.555 61.555 61.555 61.555 0.000
Prev. Close Volume Bid Ask Time
61.555 2024-05-28 00:57:10
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