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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Macedonian Denar/British Pound (FOREX:MKDGBP)

Sidelines Mode (+55) - MKDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.01423021 0.01430085 0.01423021 0.01430085 +0.00007100
Entry Signal

MarketClub’s Trade Triangles for MKDGBP

long term up The long-term trend has been UP since Feb 2nd, 2023 at 0.01443109

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2023 at 0.01427042

short term up The short-term trend has been UP since Mar 21st, 2023 at 0.01429204

Smart Scan Analysis for MKDGBP

Based on our trend formula, MKDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MKDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01423021 0.01430085 0.01423021 0.01430085 +0.00007100
Prev. Close Volume Bid Ask Time
0.01423021 2023-03-21 19:02:12
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