Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
Macedonian Denar/US Dollar (FOREX:MKDUSD)
Sidelines Mode (+55) - MKDUSD 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 MKDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MKDUSD
The long-term trend has been DOWN since Sep 14th, 2023 at 0.01731659
The intermediate-term trend has been UP since Oct 24th, 2023 at 0.01729435
The short-term trend has been DOWN since Nov 30th, 2023 at 0.01776838
Smart Scan Analysis for MKDUSD
Based on our trend formula, MKDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).