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Forex Trend Analysis Report

Prepared for you on Saturday, October 5, 2024.

Macedonian Denar/US Dollar (FOREX:MKDUSD)

Weak Downtrend (-65) - MKDUSD is showing signs of a strengthening downtrend. Monitor MKDUSD as it may be building momentum to the downside.

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
0.01793530 0.01793611 0.01779483 0.01784224 -0.00009300
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term up The long-term trend has been UP since Jul 14th, 2024 at 0.01773466

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2024 at 0.01786827

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 0.01806580

Smart Scan Analysis for MKDUSD

Based on our trend formula, MKDUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01793530 0.01793611 0.01779483 0.01784224 -0.00009300
Prev. Close Volume Bid Ask Time
0.01793530 2024-10-04 10:21:42
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