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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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
69.84050 69.84050 69.84050 69.84050 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 Feb 27th, 2020 at 72.54329

short term up The short-term trend has been UP since Mar 25th, 2020 at 67.50360

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
69.84050 69.84050 69.84050 69.84050 0.00000
Prev. Close Volume Bid Ask Time
69.84050 68.70847 70.97253 2020-04-01 07:17:54
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