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Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
British Pound/Macedonian Denar (FOREX:GBPMKD)
Bear Market Rally (-75) - GBPMKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMKD as it may be in the beginning of a reversal.
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 DOWN since Sep 22nd, 2023 at 70.76144
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 71.46093
The short-term trend has been UP since Sep 27th, 2023 at 71.06280
Smart Scan Analysis for GBPMKD
Based on our trend formula, GBPMKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 71.08561 | 71.24863 | 71.02980 | 71.07124 | -0.01437 |
| Prev. Close | Volume | Bid | Ask | Time |
| 71.08561 | 2023-09-28 19:49:02 |