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Forex Trend Analysis Report

Prepared for you on Monday, May 10, 2021.

Macedonian Denar/US Dollar (FOREX:MKDUSD)

Bull Market Weakness (+75) - MKDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MKDUSD as it may be in the beginning stages of a reversal.

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
0.01972742 0.01975349 0.01972742 0.01975349 +0.00002600
Entry Signal

MarketClub’s Trade Triangles for MKDUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.01941920

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 0.01936135

short term up The short-term trend has been UP since Apr 6th, 2021 at 0.01910919

Smart Scan Analysis for MKDUSD

Based on our trend formula, MKDUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01972742 0.01975349 0.01972742 0.01975349 +0.00002600
Prev. Close Volume Bid Ask Time
0.01972742 2021-05-10 10:26:54
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