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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.

FOREX_USDMKD
Open High Low USDMKD Price Change
50.989333 50.989333 50.989333 50.989333 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term down The long-term trend has been DOWN since Nov 30th, 2020 at 51.597155

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 50.643159

short term up 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).

-55
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.989333 50.989333 50.989333 50.989333 0.000000
Prev. Close Volume Bid Ask Time
50.989333 2021-02-28 21:18:34
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