Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Sidelines Mode (-55) - USDMKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 30th, 2020 at 51.597155
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 50.643159
The short-term trend has been UP since Feb 26th, 2021 at 50.715273
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).