Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Macedonian Denar/British Pound (FOREX:MKDGBP)
Bear Market Rally (-75) - MKDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MKDGBP as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for MKDGBP
The long-term trend has been DOWN since Sep 20th, 2019 at 0.01432200
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 0.01372929
The short-term trend has been UP since Feb 20th, 2020 at 0.01357696
Smart Scan Analysis for MKDGBP
Based on our trend formula, MKDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).