Forex Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
US Dollar/Macedonian Denar (FOREX:USDMKD)
Weak Downtrend (-65) - USDMKD is showing signs of a strengthening downtrend. Monitor USDMKD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDMKD
The long-term trend has been UP since Mar 5th, 2021 at 51.498182
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 51.652044
The short-term trend has been DOWN since May 17th, 2021 at 50.659815
Smart Scan Analysis for USDMKD
Based on our trend formula, USDMKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).