Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Strong Uptrend (+100) - USDMKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDMKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Mar 19th, 2020 at 57.076558
The intermediate-term trend has been UP since Mar 19th, 2020 at 56.862700
The short-term trend has been UP since Apr 1st, 2020 at 56.361768
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).