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.
MarketClub’s Trade Triangles for GBPMKD
The long-term trend has been DOWN since Mar 2nd, 2020 at 71.72305
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 72.54329
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).