Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Macedonian Denar/US Dollar (FOREX:MKDUSD)
Strong Uptrend (+100) - MKDUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MKDUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for MKDUSD
The long-term trend has been UP since Nov 30th, 2020 at 0.01938195
The intermediate-term trend has been UP since Nov 9th, 2020 at 0.01925153
The short-term trend has been UP since Nov 26th, 2020 at 0.01931548
Smart Scan Analysis for MKDUSD
Based on our trend formula, MKDUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).