Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
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 UP since Mar 21st, 2018 at 70.6975
The intermediate term trend has been DOWN since Apr 30th, 2018 at 69.9425
The short term trend has been DOWN since May 21st, 2018 at 70.4235
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).