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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 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 Jan 23rd, 2024 at 72.05632
The intermediate-term trend has been DOWN since Apr 21st, 2024 at 71.71363
The short-term trend has been UP since Apr 24th, 2024 at 71.62139
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 |
|---|---|---|---|---|
| 71.58102 | 71.67559 | 71.58102 | 71.67021 | +0.08919 |
| Prev. Close | Volume | Bid | Ask | Time |
| 71.58102 | 2024-04-24 14:05:05 |