Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Euro/Macedonian Denar (FOREX:EURMKD)
Bear Market Rally (-75) - EURMKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMKD as it may be in the beginning 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 DOWN since Jun 13th, 2022 at 61.615
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 61.615
The short-term trend has been UP since Aug 15th, 2022 at 61.525
Smart Scan Analysis for EURMKD
Based on our trend formula, EURMKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).