Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Macedonian Denar/Euro (FOREX:MKDEUR)
Countertrend Down (-85) - MKDEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Sep 29th, 2021 at 0.01622805
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.01623068
The short-term trend has been UP since Jan 13th, 2022 at 0.01623068
Smart Scan Analysis for MKDEUR
Based on our trend formula, MKDEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).