Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Macedonian Denar/US Dollar (FOREX:MKDUSD)
Bull Market Weakness (+75) - MKDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MKDUSD as it may be in the beginning stages of a reversal.
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 Feb 22nd, 2021 at 0.01974706
The short-term trend has been DOWN since Feb 26th, 2021 at 0.01968453
Smart Scan Analysis for MKDUSD
Based on our trend formula, MKDUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).