Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Euro/Macedonian Denar (FOREX:EURMKD)
Crossroads (+60) - EURMKD 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 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 DOWN since May 3rd, 2023 at 61.610
The intermediate-term trend has been UP since Oct 18th, 2023 at 61.615
The short-term trend has been UP since Dec 11th, 2023 at 61.615
Smart Scan Analysis for EURMKD
Based on our trend formula, EURMKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).