Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Strong Downtrend (-100) - USDMKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMKD continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 15th, 2022 at 59.601943
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 57.611033
The short-term trend has been DOWN since Mar 15th, 2023 at 57.411342
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).