Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Strong Uptrend (+100) - GBPMKD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPMKD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 6th, 2021 at 72.37329
The short-term trend has been UP since Oct 1st, 2021 at 71.67035
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).