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Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Sigmacast expected range · 7–28-day calibrated zone
Forecast batch: 7/31/26
Market-data read
EUR/MKD reads range-bound — no clean directional character at any horizon (ER 0.14 / 0.12 / 0.07). Recent action is directionless chop rather than a trend. Term-structure band: ±0.7% / ±1.0% / ±1.4% (7/14/28d).
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: Composite Economic Index MoM (r=+0.96), UK Unemployment Rate (r=+0.89), Factory Orders ex Transportation (r=+0.88)
Inversely correlated: Bundesanleihe Auction (r=-0.98), CPI YoY (r=-0.92), 12-Month Letras Auction (r=-0.92), JOLTs Job Quits (r=-0.91), Construction Output YoY (r=-0.90)
As of July 31, 2026, EUR/MKD is trading at 61.4246. Our multi-model Sigmanomics forecast for this forex pair generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
Containment = how often the band held (backtest) — magnitude only, not a directional record.
Forecasts generated by Sigmanomics engine. Not financial advice.
Market-data read
The EUR/MKD forex pair tracks the exchange rate between the Euro and the Macedonian Denar. The EUR/MKD pair closed at 61.4246 on July 31, 2026, reflecting a decline of 0.55% from the previous close of 61.7673.
Over the past 30 days, the pair has experienced a sideways movement with a decline of 0.29%, ranging between 61.1804 and 62.1755. The price currently trades below its 20-day moving average of 61.5183. The 14-day RSI stands at 46.2, in neutral territory, indicating balanced momentum.
Over the same 30-day window, daily-return volatility was 0.20%, reflecting subdued price variability for this pair. Across the past 52 weeks, the pair has traded between 61.0103 and 62.4375, with the current price near the midrange of that range.
Daily-return volatility of 0.20% is subdued for this pair, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. EUR/MKD is currently trading 0.15% below its 20-day moving average and sitting in the middle of its 52-week range. Its 14-day RSI reads 46.2, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Jul 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.