Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Macedonian Denar/Euro (FOREX:MKDEUR)
Sidelines Mode (-55) - MKDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MKDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MKDEUR
The long-term trend has been DOWN since Jan 13th, 2023 at 0.01623068
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 0.01622936
The short-term trend has been UP since Mar 17th, 2023 at 0.01623068
Smart Scan Analysis for MKDEUR
Based on our trend formula, MKDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).