Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Macedonian Denar/US Dollar (FOREX:MKDUSD)
Bear Market Rally (-75) - MKDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MKDUSD as it may be in the beginning 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 DOWN since Aug 9th, 2021 at 0.01910554
The intermediate-term trend has been UP since Oct 25th, 2021 at 0.01890744
The short-term trend has been DOWN since Oct 25th, 2021 at 0.01889851
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).