Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 DOWN since Dec 10th, 2018 at 68.113
The intermediate term trend has been UP since Jan 4th, 2019 at 68.886
The short term trend has been UP since Jan 14th, 2019 at 68.923
Smart Scan Analysis for GBPMKD
Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).