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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Weak Downtrend (-65) - USDMKD is showing signs of a strengthening downtrend. Monitor USDMKD as it may be building momentum to the downside.
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 DOWN since Jul 14th, 2024 at 56.392424
The intermediate-term trend has been DOWN since Jul 4th, 2024 at 56.937905
The short-term trend has been UP since Jul 23rd, 2024 at 56.610621
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 56.753396 | 56.753396 | 56.753396 | 56.753396 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.753396 | 2024-07-26 07:26:06 |