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Forex Trend Analysis Report
Prepared for you on Saturday, September 7, 2024.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Sidelines Mode (+55) - GBPMKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPMKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPMKD
The long-term trend has been DOWN since Aug 7th, 2024 at 71.43562
The intermediate-term trend has been UP since Aug 26th, 2024 at 72.77248
The short-term trend has been DOWN since Aug 30th, 2024 at 73.03668
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 72.82679 | 72.94766 | 72.82679 | 72.94766 | +0.12087 |
| Prev. Close | Volume | Bid | Ask | Time |
| 72.82679 | 2024-09-07 04:49:22 |