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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Strong Downtrend (-100) - USDMKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMKD continues to fall. Traders should use caution and set stops.
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 Nov 5th, 2024 at 56.287968
The short-term trend has been DOWN since Oct 30th, 2024 at 56.828678
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 56.591903 | 56.595541 | 56.284620 | 56.291451 | -0.300452 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.591903 | 2024-11-05 17:31:00 |