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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Macedonian Denar/Euro (FOREX:MKDEUR)

Sidelines Mode (+55) - MKDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MKDEUR
Open High Low MKDEUR Price Change
0.01623068 0.01624914 0.01623068 0.01623068 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDEUR

long term up The long-term trend has been UP since Mar 15th, 2024 at 0.01625917

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2024 at 0.01623277

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.01624650

Smart Scan Analysis for MKDEUR

Based on our trend formula, MKDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MKDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01623068 0.01624914 0.01623068 0.01623068 0.00000000
Prev. Close Volume Bid Ask Time
0.01623068 2024-05-20 10:01:12
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