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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.

FOREX_MKDUSD
Open High Low MKDUSD Price Change
0.01768251 0.01768251 0.01768251 0.01768251 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 0.01731659

intermediate term up The intermediate-term trend has been UP since Oct 24th, 2023 at 0.01729435

short term down 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).

+55
Smart Scan Analysis for MKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01768251 0.01768251 0.01768251 0.01768251 0.00000000
Prev. Close Volume Bid Ask Time
0.01768251 2023-12-02 06:46:34
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