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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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.

FOREX_GBPMKD
Open High Low GBPMKD Price Change
73.04899 73.12789 72.91895 73.12051 +0.07152
Entry Signal

MarketClub’s Trade Triangles for GBPMKD

long term up The long-term trend has been UP since Aug 1st, 2022 at 73.51353

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2022 at 72.13925

short term up The short-term trend has been UP since Aug 16th, 2022 at 72.91241

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).

+100
Smart Scan Analysis for GBPMKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.04899 73.12789 72.91895 73.12051 +0.07152
Prev. Close Volume Bid Ask Time
73.04899 2022-08-16 07:16:45
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