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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 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.

FOREX_GBPMKD
Open High Low GBPMKD Price Change
71.83452 72.00117 71.83452 71.94493 +0.11041
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long-term trend has been UP since Jan 23rd, 2024 at 72.05632

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 72.18210

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 71.99036

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).

+55
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.83452 72.00117 71.83452 71.94493 +0.11041
Prev. Close Volume Bid Ask Time
71.96333 2024-04-18 07:22:05
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