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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.

FOREX_MKDEUR
Open High Low MKDEUR Price Change
0.01623068 0.01623541 0.01623068 0.01623541 +0.00000500
Entry Signal

MarketClub’s Trade Triangles for MKDEUR

long term down The long-term trend has been DOWN since Jan 13th, 2023 at 0.01623068

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 0.01622936

short term up 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).

-55
Smart Scan Analysis for MKDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01623068 0.01623541 0.01623068 0.01623541 +0.00000500
Prev. Close Volume Bid Ask Time
0.01623068 2023-03-31 08:50:07
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