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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Weak Downtrend (-65) - MKDGBP is showing signs of a strengthening downtrend. Monitor MKDGBP as it may be building momentum to the downside.

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
0.01356635 0.01356635 0.01356635 0.01356635 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term down The long-term trend has been DOWN since Sep 23rd, 2024 at 0.01361024

intermediate term down The intermediate-term trend has been DOWN since Nov 11th, 2024 at 0.01347301

short term up The short-term trend has been UP since Nov 13th, 2024 at 0.01352978

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01356635 0.01356635 0.01356635 0.01356635 0.00000000
Prev. Close Volume Bid Ask Time
0.01356635 2024-11-20 01:29:25
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