Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Countertrend Up (+85) - USDMKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDMKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMKD
The long-term trend has been UP since Aug 9th, 2021 at 52.343634
The intermediate-term trend has been UP since Jun 13th, 2022 at 58.229810
The short-term trend has been DOWN since Jun 21st, 2022 at 58.541358
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).