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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Macedonian Denar/Euro (FOREX:MKDEUR)

Long-Term Downtrend (-90) - MKDEUR is in a strong downtrend that is likely to continue. While MKDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

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FOREX_MKDEUR
Open High Low MKDEUR Price Change
0.01623068 0.01623068 0.01623068 0.01623068 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDEUR

long term down The long-term trend has been DOWN since Sep 29th, 2021 at 0.01622805

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 0.01623068

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 0.01623068

Smart Scan Analysis for MKDEUR

Based on our trend formula, MKDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MKDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01623068 0.01623068 0.01623068 0.01623068 0.00000000
Prev. Close Volume Bid Ask Time
0.01623068 2021-10-14 18:00:43
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