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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.

FOREX_GBPMKD
Open High Low GBPMKD Price Change
67.95635 67.95635 67.95635 67.95635 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 71.72305

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 68.35857

short term up 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).

-75
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
67.95635 67.95635 67.95635 67.95635 0.00000
Prev. Close Volume Bid Ask Time
68.43830 67.46003 68.45266 2020-07-29 04:35:16
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