Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Long-Term Downtrend (-90) - USDMKD is in a strong downtrend that is likely to continue. While USDMKD is showing intraday strength, it remains in the confines of a bearish trend. 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 Jul 16th, 2020 at 54.210010
The intermediate-term trend has been DOWN since Jul 8th, 2020 at 54.403059
The short-term trend has been DOWN since Jul 6th, 2020 at 54.765481
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).