Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Bear Market Rally (-75) - GBPMKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMKD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPMKD
The long-term trend has been DOWN since Mar 2nd, 2020 at 71.72305
The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 68.35857
The short-term trend has been UP since Jul 28th, 2020 at 67.79819
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).