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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.

FOREX_USDMKD
Open High Low USDMKD Price Change
50.641495 50.704214 50.641495 50.704214 +0.062719
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term up The long-term trend has been UP since Mar 5th, 2021 at 51.498182

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2021 at 51.652044

short term down 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).

-70
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.641495 50.704214 50.641495 50.704214 +0.062719
Prev. Close Volume Bid Ask Time
50.641495 2021-05-17 18:00:31
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