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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Macedonian Denar/US Dollar (FOREX:MKDUSD)
Crossroads (+60) - MKDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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 MKDUSD
The long-term trend has been DOWN since Apr 12th, 2024 at 0.01736034
The intermediate-term trend has been UP since May 5th, 2024 at 0.01749488
The short-term trend has been UP since May 2nd, 2024 at 0.01739150
Smart Scan Analysis for MKDUSD
Based on our trend formula, MKDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01748822 | 0.01749919 | 0.01744490 | 0.01744490 | -0.00004300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01744693 | 2024-05-07 21:05:09 |