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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Macedonian Denar/US Dollar (FOREX:MKDUSD)

Sidelines Mode (+55) - MKDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_MKDUSD
Open High Low MKDUSD Price Change
0.01779394 0.01781009 0.01779394 0.01781009 +0.00001600
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 0.01752126

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 0.01773770

short term down The short-term trend has been DOWN since May 25th, 2020 at 0.01772585

Smart Scan Analysis for MKDUSD

Based on our trend formula, MKDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01779394 0.01781009 0.01779394 0.01781009 +0.00001600
Prev. Close Volume Bid Ask Time
0.01786552 0.01768001 0.01794016 2020-05-27 04:18:27
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