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.
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 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).