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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

US Dollar/Macedonian Denar (FOREX:USDMKD)

Strong Downtrend (-100) - USDMKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMKD continues to fall. Traders should use caution and set stops.

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.

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FOREX_USDMKD
Open High Low USDMKD Price Change
56.680739 56.883961 56.680739 56.883961 +0.203222
Entry Signal

MarketClub’s Trade Triangles for USDMKD

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 59.601943

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 57.611033

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 57.411342

Smart Scan Analysis for USDMKD

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

-100
Smart Scan Analysis for USDMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.680739 56.883961 56.680739 56.883961 +0.203222
Prev. Close Volume Bid Ask Time
56.680739 2023-03-23 19:06:49
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