Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Euro/Macedonian Denar (FOREX:EURMKD)
Bull Market Weakness (+75) - EURMKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURMKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURMKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMKD
The long-term trend has been UP since Jan 30th, 2020 at 61.615
The intermediate-term trend has been UP since Mar 24th, 2020 at 61.675
The short-term trend has been UP since Jul 3rd, 2020 at 61.615
Smart Scan Analysis for EURMKD
Based on our trend formula, EURMKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).