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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Macedonian Denar/US Dollar (FOREX:MKDUSD)
Countertrend Down (-85) - MKDUSD 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 MKDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MKDUSD
The long-term trend has been DOWN since Nov 6th, 2024 at 0.01748547
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.01748547
The short-term trend has been UP since Nov 19th, 2024 at 0.01722717
Smart Scan Analysis for MKDUSD
Based on our trend formula, MKDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.017211 | 0.017211 | 0.017211 | 0.017211 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.017211 | 2024-11-20 01:29:25 |