Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPMKD
The long term trend has been UP since Nov 1st, 2017 at 70.3605
The intermediate term trend has been DOWN since Feb 13th, 2018 at 69.1860
The short term trend has been UP since Feb 16th, 2018 at 69.5435
Smart Scan Analysis for GBPMKD
Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).