Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Countertrend Up (+85) - GBPMKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 11th, 2020 at 69.41089
The intermediate-term trend has been UP since Jan 4th, 2021 at 68.76272
The short-term trend has been DOWN since Feb 25th, 2021 at 71.23368
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).