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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 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 UP since Sep 23rd, 2024 at 73.47803
The intermediate-term trend has been UP since Nov 11th, 2024 at 74.22644
The short-term trend has been DOWN since Dec 20th, 2024 at 74.14615
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 |
|---|---|---|---|---|
| 74.20561 | 74.30915 | 74.17654 | 74.18771 | -0.01790 |
| Prev. Close | Volume | Bid | Ask | Time |
| 75.40903 | 2024-12-24 15:04:03 |