Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Macedonian Denar/British Pound (FOREX:MKDGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 MKDGBP
The long term trend has been UP since Jul 19th, 2018 at 0.014510
The intermediate term trend has been DOWN since Sep 9th, 2018 at 0.014530
The short term trend has been UP since Sep 21st, 2018 at 0.014436
Smart Scan Analysis for MKDGBP
Based on a pre-defined weighted trend formula for chart analysis, MKDGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).