Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Macedonian Denar/British Pound (FOREX:MKDGBP)
Long-Term Uptrend (+90) - MKDGBP is in a strong uptrend that is likely to continue. While MKDGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Mar 2nd, 2020 at 0.01394327
The intermediate-term trend has been UP since May 12th, 2020 at 0.01433664
The short-term trend has been UP since May 29th, 2020 at 0.01450804
Smart Scan Analysis for MKDGBP
Based on our trend formula, MKDGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).