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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Strong Downtrend (-100) - MKDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MKDGBP continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MKDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MKDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MKDGBP
Open High Low MKDGBP Price Change
0.01369017 0.01371459 0.01364724 0.01364724 -0.00004300
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long-term trend has been DOWN since Aug 1st, 2022 at 0.01360366

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.01386282

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 0.01371582

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01369017 0.01371459 0.01364724 0.01364724 -0.00004300
Prev. Close Volume Bid Ask Time
0.01369017 2022-08-16 18:00:10
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