Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Oct 30th, 2017 at 69.6905
The short term trend has been UP since Nov 20th, 2017 at 69.0765
Smart Scan Analysis for GBPMKD
Based on a pre-defined weighted trend formula for chart analysis, GBPMKD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).