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Forex Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

US Dollar/Macedonian Denar (FOREX:USDMKD)

Strong Uptrend (+100) - USDMKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_USDMKD
Open High Low USDMKD Price Change
54.575079 54.827546 54.575079 54.827546 +0.252467
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term up The long-term trend has been UP since Aug 9th, 2021 at 52.343634

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2022 at 54.590560

short term up The short-term trend has been UP since Jan 18th, 2022 at 54.010580

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).

+100
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.575079 54.827546 54.575079 54.827546 +0.252467
Prev. Close Volume Bid Ask Time
54.575079 2022-01-26 18:00:46
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