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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.

Open High Low GBPMKD Price Change
69.5435 70.2210 69.3995 70.1820 +0.6385
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term down The long term trend has been DOWN since Dec 10th, 2018 at 68.113

intermediate term up The intermediate term trend has been UP since Jan 4th, 2019 at 68.886

short term up 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).

Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.5435 70.2210 69.3995 70.1820 +0.6385
Prev. Close Volume Bid Ask Time
69.5435 69.6690 70.6950 2019-01-17 20:11:16
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