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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Macedonian Denar/US Dollar (FOREX:MKDUSD)

Strong Downtrend (-100) - MKDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MKDUSD continues to fall. Traders should use caution and set stops.

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

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

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FOREX_MKDUSD
Open High Low MKDUSD Price Change
0.01737080 0.01745239 0.01737080 0.01742379 +0.00005300
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 0.01736034

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 0.01753482

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 0.01742186

Smart Scan Analysis for MKDUSD

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

-100
Smart Scan Analysis for MKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01737080 0.01745239 0.01737080 0.01742379 +0.00005300
Prev. Close Volume Bid Ask Time
0.01742194 2024-06-17 23:42:14
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