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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Macedonian Denar/British Pound (FOREX:MKDGBP)
Crossroads (+60) - MKDGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MKDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MKDGBP
The long-term trend has been DOWN since Jan 23rd, 2024 at 0.01387877
The intermediate-term trend has been UP since Apr 21st, 2024 at 0.01394510
The short-term trend has been UP since May 2nd, 2024 at 0.01387989
Smart Scan Analysis for MKDGBP
Based on our trend formula, MKDGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01398149 | 0.01399937 | 0.01396252 | 0.01399937 | +0.00001800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01398149 | 2024-05-09 07:20:50 |