Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Macedonian Denar/Euro (FOREX:MKDEUR)
Bull Market Weakness (+75) - MKDEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MKDEUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MKDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MKDEUR
The long-term trend has been UP since May 3rd, 2023 at 0.01623541
The intermediate-term trend has been UP since May 3rd, 2023 at 0.01623541
The short-term trend has been UP since Nov 28th, 2023 at 0.01623277
Smart Scan Analysis for MKDEUR
Based on our trend formula, MKDEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).